Why is Bright Outdoor falling/rising?

As of 10-Jul, Bright Outdoor Media Ltd's stock price is currently at 550.00, reflecting an increase of 6.9, or 1.27%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 0.32% today, and the delivery volume has increased by 6.56% compared to the 5-day average, indicating rising investor participation. Although the stock has traded in a narrow range of Rs 5, it remains above the 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend despite being lower than the 5-day and 20-day moving averages. Over the past year, the stock has increased by 17.02%, significantly outperforming the Sensex, which has only risen by 4.09%.
In the broader market context, Bright Outdoor's short-term performance has been relatively weak, with a 1-week return of -3.49% compared to a negligible decline of -0.06% for the Sensex. However, the stock has shown strong year-to-date growth of 10.22%, outperforming the benchmark's 6.46% increase. This indicates that while the stock has faced some recent challenges, its overall performance remains robust in the longer term. The liquidity of the stock is adequate for trading, which may also contribute to its recent price increase as investor confidence appears to be recovering.