Why is BLB falling/rising?

As of 03-Sep, BLB Ltd's stock price is currently at 16.30, reflecting an increase of 0.4, or 2.52%. The stock has shown a strong performance recently, gaining 6.96% over the last three days and outperforming its sector by 1.68% today. Despite this positive momentum, the stock's year-to-date performance remains negative at -18.05%. Additionally, while the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it is still below its 200-day moving average. There is a notable decline in investor participation, with delivery volume dropping by 75.53% compared to the 5-day average, indicating a potential concern for sustained interest in the stock.
Broader market context shows that BLB Ltd has outperformed the Sensex in the short term, with a 1-week return of +3.30% compared to the benchmark's -0.27%. However, over the longer term, the stock has underperformed significantly, with a 3-year return of -22.38% against the Sensex's +37.01%. This divergence highlights the stock's recent recovery efforts amid a challenging overall performance landscape. The lack of positive or negative dashboard insights limits the understanding of specific catalysts driving the stock's recent rise, but the overall upward movement in the short term suggests a potential rebound despite the broader negative trends.