Why is Colinz Labs falling/rising?

As of 27-Oct, Colinz Laboratories Ltd's stock price is currently at Rs 43.40, reflecting an increase of Rs 1.05 or 2.48%. The stock has shown positive momentum recently, gaining for the last two days with a total return of 3.33% during this period. It opened with a gain of 2.01% today and reached an intraday high of Rs 43.6. Despite this upward movement, the stock has been underperforming in the longer term, with a year-to-date decline of 37.79% compared to the Sensex's increase of 8.50%. Additionally, the stock is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. There is a noted decrease in investor participation, with delivery volume falling by 15.09% against the 5-day average, which may indicate a lack of sustained interest.
In the broader market context, Colinz Laboratories Ltd has outperformed the sector by 2.6% today, while its 1-week return of 7.64% significantly exceeds the Sensex's gain of 0.49% during the same period. However, over the past month, the stock's return of 2.09% lags behind the Sensex's 5.41% increase, suggesting that while there is short-term positive momentum, the stock is still struggling to keep pace with the broader market trends. The liquidity of the stock appears adequate for trading, but the falling delivery volume could pose challenges for future price stability. Overall, the recent rise in stock price may be attributed to short-term gains and market reactions, but the long-term performance remains a concern.