Why is Coffee Day Enter falling/rising?

As of 07-Aug, Coffee Day Enterprises Ltd's stock price is currently at Rs 35.50, reflecting an increase of Rs 1.02 or 2.96%. The stock has shown a trend reversal, gaining after six consecutive days of decline. Today, it outperformed its sector by 3.01%, reaching an intraday high of Rs 38.09, which is a 10.47% increase. However, the stock has also experienced high volatility, with an intraday volatility of 5.1%. Despite this positive movement, there has been a significant drop in investor participation, with delivery volume falling by 69.41% compared to the five-day average. The stock's performance over the past month shows a gain of 3.98%, contrasting with a decline of 28.67% over the past year.
In the broader market context, Coffee Day Enterprises Ltd's recent performance has been more favorable than the benchmark Sensex, which has declined by 0.69% over the past week while the stock itself has only decreased by 0.28%. Year-to-date, the stock has significantly outperformed the Sensex, with a return of 56.32% compared to the benchmark's 3.18%. This indicates that while the stock has faced challenges in the longer term, its recent recovery and positive short-term performance suggest a potential shift in investor sentiment, despite the noted decline in trading volume.