Why is Ceenik Exports falling/rising?

As of 16-Sep, Ceenik Exports (India) Ltd is experiencing a price increase, currently at Rs 321.05, reflecting a rise of 15.25 or 4.99%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Today, it reached an intraday high of Rs 321.05, although it also touched a low of Rs 290.55, indicating a wide trading range of Rs 30.5. Despite this positive movement, the stock has underperformed significantly over longer periods, with a year-to-date decline of 75.68% and a one-year drop of 77.53%. However, there has been a rise in investor participation, with delivery volume increasing by 6.81% compared to the five-day average, and the stock offers a high dividend yield of 4.36%. The absence of specific positive or negative factors in the dashboard limits further insights into the stock's recent movement.
In the broader market context, Ceenik Exports' short-term performance has been unfavorable compared to the benchmark, with a one-week return of -3.30% against the Sensex's gain of +1.58%. This underperformance highlights the challenges the stock faces despite today's positive price movement. Additionally, the stock is trading below its moving averages across various time frames, which may indicate ongoing bearish sentiment among investors. Overall, while there is a temporary rise in price, the longer-term trends and comparisons to the benchmark suggest a complex situation for Ceenik Exports.