Why is BirlaNu Ltd falling/rising?

As of 07-Aug, BirlaNu Ltd is currently priced at 1,959.00, reflecting an increase of 6.2, or 0.32%. The stock has shown a trend reversal today, gaining after four consecutive days of decline, and opened with a gain of 2.47%. It reached an intraday high of Rs 2002.1, but also experienced a low of Rs 1911.55. Despite this positive movement today, the stock has underperformed significantly over various periods, with a year-to-date decline of 21.70% and a one-year drop of 33.83%. Additionally, it is trading below all major moving averages, indicating a bearish trend. There is a noted decrease in investor participation, with delivery volume falling by 9.85% against the five-day average, which may contribute to the stock's volatility.
In the broader market context, BirlaNu Ltd's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.69% over the past week while BirlaNu Ltd has fallen by 14.90%. This stark contrast highlights the stock's struggles relative to the market. The stock's liquidity remains adequate for trading, but the overall negative sentiment and declining investor interest suggest challenges ahead for BirlaNu Ltd, despite today's slight recovery.