Why is Ceenik Exports falling/rising?

As of 19-Nov, Ceenik Exports (India) Ltd is experiencing a price increase, currently at Rs 388.50, reflecting a rise of 5.05 (1.32%). Despite today's positive movement, the stock opened with a significant loss of -4.94% and touched an intraday low of Rs 364.5 before recovering to its current price. The stock has underperformed in the longer term, with a year-to-date decline of -70.57% and a one-year drop of -67.63%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The delivery volume has also decreased by -22.55% compared to the five-day average, suggesting falling investor participation, which may contribute to the stock's volatility.
Broader Market Context: In the short term, Ceenik Exports has underperformed compared to the benchmark Sensex, which has gained +0.85% over the past week while Ceenik's return was only +0.09%. This contrast highlights the stock's struggle to keep pace with broader market movements, despite today's uptick. The significant year-to-date and one-year declines further emphasize the challenges faced by the company, particularly in a market that has shown positive returns. Overall, while there is a temporary rise in the stock price today, the underlying trends suggest ongoing difficulties for Ceenik Exports in the current market environment.