Why is Elegant Marbles falling/rising?

As of 15-Sep, Elegant Marbles and Grani Industries Ltd is experiencing a rise in its stock price, currently at Rs 235.00, reflecting an increase of Rs 13.00 or 5.86%. The stock opened with a gain of 3.38% today and reached an intraday high of Rs 235. Despite this positive movement, there are concerns regarding falling investor participation, as the delivery volume has decreased by 56.76% against the 5-day average. Additionally, while the stock has outperformed its sector by 5.71%, its year-to-date performance shows a decline of 10.36%, indicating some underlying challenges. The stock is trading above its 5-day, 20-day, and 50-day moving averages but below its 100-day and 200-day moving averages, suggesting mixed signals regarding its longer-term trend.
In the broader market context, the stock's short-term return over the past week is +3.84%, which significantly outperforms the Sensex's return of +1.24% during the same period. This indicates that the stock is gaining traction relative to the overall market. However, the year-to-date performance of Elegant Marbles is notably weaker than the Sensex, which has risen by 4.67%. This contrast highlights that while the stock is currently experiencing a positive movement, it has struggled to maintain momentum over a longer timeframe compared to the benchmark.