Why is Dhruva Cap.Serv. falling/rising?

As of 16-Oct, Dhruva Capital Services Ltd is experiencing a price increase, with the current price at Rs 135.60, reflecting a rise of 6.45 or 4.99%. The stock has shown a positive performance today, outperforming its sector by 5.11%, and has been on a consecutive gain for the last two days, accumulating a total return of 10.24% during this period. Despite a significant decline in year-to-date returns of 62.33% and a one-year drop of 66.10%, the stock has shown resilience in the short term, with a 6.52% increase over the past week. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 40.08% against the five-day average, indicating growing interest in the stock.
In the broader market context, while Dhruva Capital Services Ltd has outperformed the Sensex by a considerable margin in the last week, the stock's long-term performance remains concerning, with a year-to-date decline significantly worse than the benchmark's 6.82% increase. The stock's erratic trading pattern, having not traded on one day out of the last 20, may contribute to its volatility. Furthermore, while the stock is currently trading above its five-day moving average, it remains below its longer-term moving averages, suggesting mixed signals in terms of trend strength. Overall, the recent positive momentum appears to be driven by short-term trading activity rather than a fundamental recovery.