Why is Birla Cable falling/rising?

As of 21-Aug, Birla Cable Ltd's stock price is currently at Rs 160.80, reflecting an increase of Rs 2.8, or 1.77%. The stock has shown a positive performance today, outperforming its sector by 2.38% and reaching an intraday high of Rs 163.85, which is a 3.7% increase. However, despite this uptick, the stock has experienced a decline of 8.64% over the past month and a significant drop of 24.91% year-to-date. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 39.76% against the 5-day average, indicating a potential lack of sustained interest from investors.
In the broader market context, Birla Cable's short-term performance over the past week shows a gain of 4.08%, which is significantly better than the Sensex's increase of 1.74% during the same period. However, the stock's longer-term performance is concerning, with a year-to-date decline of 24.91% compared to the Sensex's gain of 4.94%. This disparity suggests that while the stock may be experiencing a temporary rise, its overall trend remains negative, influenced by falling investor participation and lower moving averages compared to longer-term benchmarks.