Why is B.L.Kashyap falling/rising?

As of 07-Aug, B.L.Kashyap & Sons Ltd is experiencing a price increase, currently at 71.50, reflecting a change of 0.87 or 1.23% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a significant drop of 9.61% over the past week, it has performed positively over the last month with a return of 4.72%. However, the stock's year-to-date performance remains negative at -7.66%, and it has decreased by 34.46% over the past year. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Notably, investor participation has declined, with delivery volume falling by 45.57% compared to the 5-day average, indicating reduced trading activity.
In the broader market context, the stock has outperformed its sector by 1.39% today, which may contribute to the positive price movement. While the Sensex has only decreased by 0.69% over the past week, B.L.Kashyap's significant short-term decline contrasts with its recent monthly gain. This suggests that while the stock is currently rising, it has faced substantial challenges over a longer timeframe, particularly in the last year. The liquidity of the stock remains adequate for trading, with a value of Rs 0.23 crore based on 2% of the 5-day average traded value, which may support its current upward movement.