Why is Dhanlaxmi Cotex falling/rising?

As of 04-Aug, Dhanlaxmi Cotex Ltd is experiencing a price increase, currently at Rs 150.65, reflecting a rise of 2.95 or 2.0%. The stock has shown a trend reversal today, gaining after seven consecutive days of decline, and opened with a 2% gain. It has outperformed its sector by 0.38% today and reached an intraday high of Rs 150.65. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Dhanlaxmi Cotex has generated impressive returns of 121.38%, significantly outpacing the broader market, which has seen negative returns of -2.34%. However, the company has reported operating losses and flat results, which may weigh on investor sentiment.
In the broader market context, while Dhanlaxmi Cotex has outperformed the Sensex and the BSE500 over the past year, its recent short-term performance has been negative, with a 5.87% decline over the past week compared to a slight gain of 0.16% for the Sensex. The stock's strong year-to-date performance of 19.85% and a PEG ratio of 0.1 suggest attractive valuation metrics, but the company's weak long-term fundamentals and significant operating losses could be contributing to volatility in its stock price. The rising investor participation, indicated by a substantial increase in delivery volume, may provide some support for the stock's current upward movement.