Why is CHL falling/rising?

As of 28-Oct, CHL Ltd's stock price is currently at 37.95, reflecting an increase of 0.56, or 1.5%. The stock has been performing well recently, having outperformed its sector by 1.59% today and achieving a consecutive gain over the last three days, with a total return of 4.12% during this period. Additionally, CHL has shown strong performance over the past week and month, with returns of 2.82% and 8.27%, respectively. However, it is important to note that the stock has experienced a significant decline year-to-date, down 10.81%, despite a positive one-year return of 4.81%. The delivery volume has seen a drastic drop of 97.85% compared to the five-day average, indicating a decrease in investor participation, which could impact future price movements.
Broader market context shows that while CHL has outperformed the Sensex in the short term, with a 1W return of 2.82% compared to the Sensex's 0.24%, it has lagged behind the benchmark year-to-date. The Sensex has gained 8.30% in the same timeframe, highlighting a contrasting performance between the stock and the broader market. Despite the recent positive momentum in CHL's stock price, the falling investor participation and the significant year-to-date decline suggest caution among investors, which may influence future trading activity and price stability.