Why is E-Land Apparel falling/rising?

As of 18-Nov, E-Land Apparel Ltd's stock price is currently at 14.62, reflecting an increase of 0.45 or 3.18%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 5.71%. Despite this short-term gain, the stock has underperformed significantly over the past week and month, with declines of 22.85% and 25.06%, respectively. It is noteworthy that the stock is trading below its moving averages across various time frames, indicating potential challenges in maintaining upward momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 368.44% compared to the 5-day average, suggesting growing interest despite the overall negative performance in the longer term.
In the broader market context, E-Land Apparel's recent performance contrasts sharply with the Sensex, which has gained 0.96% over the past week and 0.86% over the past month. While the stock has outperformed its sector today by 2.93%, its year-to-date performance remains strong at 16.68%, surpassing the Sensex's 8.36% gain. However, the significant declines in the short term highlight a disconnect between the stock's recent gains and its overall trend, suggesting that while there may be short-term bullish sentiment, the longer-term outlook remains cautious given the substantial declines in the preceding weeks.