Why is Dai-ichi Karkari falling/rising?

As of 05-Aug, Dai-ichi Karkaria Ltd is experiencing a price increase, currently at 348.90, reflecting a rise of 3.9 or 1.13%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 2.62% during this period. It opened with a gain of 3.13% today and reached an intraday high of Rs 355.8. However, despite this short-term gain, the stock has underperformed over longer periods, with a year-to-date decline of 11.36% and a significant drop of 52.84% over the past year. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 76.13% compared to the five-day average, indicating potential concerns about sustained interest in the stock.
Broader Market Context: In the context of the benchmark, the stock has outperformed the Sensex by 0.75% today, while the Sensex itself has declined by 0.77% over the past week. This short-term outperformance contrasts with the stock's longer-term performance, where it has lagged behind the benchmark significantly, particularly over the past year and year-to-date. The stock's recent gains may be attributed to short-term trading dynamics rather than a fundamental shift in investor sentiment, as indicated by the falling delivery volumes and its position relative to longer moving averages.