Why is Diligent Indust. falling/rising?

As of 12-Nov, Diligent Industries Ltd is experiencing a rise in its stock price, currently at 2.85, with a change of 0.16, representing a 5.95% increase. The stock has shown a strong performance today, outperforming its sector by 4.29%, and has been gaining for the last three days, accumulating a total return of 13.55% during this period. However, despite this recent uptick, the stock has had a challenging year, with a year-to-date decline of 12.84% and a significant drop of 31.82% over the past year. Additionally, the delivery volume has decreased by 59.88% compared to the 5-day average, indicating falling investor participation, which could impact future price movements.
Broader market context shows that while Diligent Industries Ltd has outperformed the Sensex in the short term with a weekly return of 5.56% compared to the Sensex's 1.21%, its longer-term performance remains concerning. Over the past month, the stock has declined by 8.36%, while the Sensex has gained 2.38%. This disparity highlights the stock's volatility and potential challenges in sustaining its recent gains amidst a broader market that has shown resilience. The liquidity of the stock is adequate for trading, but the declining investor participation may pose risks to its upward momentum in the near future.