Why is DIC India falling/rising?

As of 08-Aug, DIC India Ltd is currently priced at 602.00, reflecting an increase of 16.3, or 2.78%. The stock has shown a trend reversal, gaining after seven consecutive days of decline, and it outperformed its sector by 4.55% today. Despite this positive movement, DIC India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, the stock's delivery volume has decreased by 24.25% compared to the 5-day average, suggesting a decline in investor participation. Over the past year, the stock has underperformed the benchmark, with a return of -9.43% compared to the Sensex's +1.23%.
In the broader market context, DIC India's recent performance contrasts with the Sensex, which has experienced a smaller decline of -0.92% over the past week, while DIC India has fallen by -2.09%. This indicates that the stock's short-term struggles are more pronounced than the overall market. Year-to-date, DIC India has also underperformed the benchmark, with a return of -9.64% compared to the Sensex's +2.20%. The liquidity of the stock remains adequate for trading, but the falling investor participation may signal caution among investors, contributing to the stock's recent volatility.