Why is Eastern Treads falling/rising?

As of 10-Nov, Eastern Treads Ltd is experiencing a price increase, with its current price at Rs 31.70, reflecting a rise of Rs 1.17 or 3.83%. The stock has shown a strong performance today, outperforming its sector by 4.12% and has gained consecutively over the last two days, resulting in an overall return of 8.86% during this period. However, it opened the day with a loss of 5.01%, indicating some volatility, and traded within a wide range of Rs 3, with an intraday high of Rs 32. Despite these gains, the stock's year-to-date performance remains negative at -16.56%, and it has underperformed significantly over the past year and three years compared to the benchmark. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 40.22% against the five-day average, which could be impacting the stock's momentum.
Broader Market Context: In the short term, Eastern Treads has outperformed the Sensex, with a weekly return of 4.62% compared to the benchmark's decline of 0.53%. This indicates that while the stock is currently rising, it is doing so against a backdrop of broader market challenges. The Sensex has shown a positive return of 1.25% over the past month, contrasting with Eastern Treads' 6.52% gain, suggesting that the stock's recent upward movement may be driven by company-specific factors rather than overall market trends. The stock's performance relative to the benchmark highlights its potential resilience, even as it grapples with longer-term underperformance.