Why is Ceenik Exports falling/rising?

As of 28-Jul, Ceenik Exports (India) Ltd is experiencing a price increase, currently at Rs 447.00, which reflects a rise of Rs 8.65 or 1.97%. The stock has shown positive momentum, gaining for the last two days and achieving a total return of 4% during this period. It opened with a 2% gain today and reached an intraday high of Rs 447.1. Despite this recent uptick, the stock is trading below its moving averages across various time frames. Notably, there has been a significant increase in investor participation, with delivery volume rising by 1076.5% compared to the 5-day average. The stock's high dividend yield of 3.04% may also be contributing positively to its appeal.
In the broader market context, Ceenik Exports has underperformed against the benchmark Sensex over the past week and month, with returns of -2.10% and -18.63% respectively, while the Sensex has declined by only -1.59% and -3.77%. Year-to-date, the stock has seen a dramatic drop of 66.14%, contrasting sharply with the Sensex's gain of 3.52%. However, over a three-year and five-year period, the stock has shown exceptional growth, with returns of +2889.97% and +6995.24%, respectively. This long-term performance may provide some context for the current price movement, suggesting that while recent trends have been negative, the stock has historically offered substantial returns.