Why is Ceenik Exports falling/rising?

As of 06-Oct, Ceenik Exports (India) Ltd is experiencing a price increase, currently at Rs 416.75, reflecting a rise of 19.8 points or 4.99%. The stock has shown positive momentum, gaining 9.1% over the last two days and outperforming its sector by 5.55% today. Despite a significant year-to-date decline of 68.43%, the stock has performed well in the short term, with a 1-week return of 2.61% and a 1-month return of 26.29%. However, it is important to note that there has been a notable decrease in investor participation, with delivery volume dropping by 77.1% against the 5-day average, which could indicate a lack of sustained interest. The stock also boasts a high dividend yield of 3.36%, which may attract some investors.
In the broader market context, Ceenik Exports has outperformed the Sensex in the short term, with a 1-week return of 2.61% compared to the benchmark's 1.77%. This suggests that while the stock is recovering from its previous lows, it is still underperforming significantly on a year-to-date basis compared to the Sensex, which has gained 4.67%. The stock's moving averages indicate a mixed trend, being higher than the 5-day, 20-day, and 50-day averages but lower than the 100-day and 200-day averages, which may reflect volatility in investor sentiment. Overall, the recent price increase can be attributed to short-term gains and sector outperformance, despite the ongoing challenges reflected in its long-term performance metrics.