Why is Ceenik Exports falling/rising?

As of 22-Sep, Ceenik Exports (India) Ltd is experiencing a price increase, with the current price at Rs 367.35, reflecting a rise of 17.45 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.7% and opening with a gain of 3.43%. It reached an intraday high of Rs 367.35. Over the past week, the stock has surged by 20.13%, contrasting with its one-month performance, which shows a decline of 4.58%. Despite this recent uptick, the stock has a year-to-date drop of 72.17% and a one-year decline of 74.13%. The stock's moving averages indicate it is currently higher than the 5-day and 20-day averages but lower than the longer-term averages, suggesting mixed momentum. Additionally, the high dividend yield of 3.86% may attract investors, although there has been a notable decrease in investor participation, with delivery volume falling by 20.84% against the 5-day average.
In the broader market context, Ceenik Exports' recent performance stands out as it has significantly outperformed the Sensex, which only increased by 0.46% over the past week. This stark contrast highlights the stock's strong short-term recovery relative to the benchmark. However, the stock's longer-term performance remains concerning, with substantial declines over the year and year-to-date periods compared to the Sensex's positive return of 5.15% year-to-date. The liquidity of the stock appears adequate for trading, but the falling investor participation could pose challenges for sustained upward momentum. Overall, while the stock is currently rising, its long-term performance and declining participation may temper future expectations.