Why is Elango Industrie falling/rising?

As of 22-Sep, Elango Industries Ltd is experiencing a price increase, currently at 10.21, reflecting a rise of 0.2 or 2.0%. The stock has shown a positive performance today, outperforming its sector by 2.71%, and has been gaining for the last two days with a total return of 2.2% during this period. Over the past week, the stock has increased by 0.29%, and in the last month, it has risen by 5.69%. However, it is important to note that the stock is currently below its longer-term moving averages, specifically lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decline in investor participation, with delivery volume dropping by 25.2% against the 5-day average, which may indicate a cautious sentiment among investors.
In the broader market context, the stock's short-term performance of +0.29% over the past week is slightly lower than the benchmark Sensex, which has increased by 0.46% during the same period. While Elango Industries has outperformed the sector today, its year-to-date performance remains negative at -14.06%, contrasting with the Sensex's positive return of +5.15%. This suggests that while there are short-term gains, the stock has struggled significantly over the longer term compared to the broader market. Overall, the recent price increase may be attributed to short-term trading dynamics, despite the underlying challenges reflected in its year-to-date performance and declining investor participation.