Why is Elixir Capital falling/rising?

As of 18-Jul, Elixir Capital Ltd is currently priced at 118.75, reflecting a slight increase of 0.2 (0.17%). The stock has been on an upward trend, gaining for the last three days with a total return of 8.45% during this period. It has outperformed its sector by 0.46% today. In terms of returns, the stock has shown a 3.26% increase over the past month and an impressive 131.48% increase over the past three years, although it is down 64.78% year-to-date. The rising investor participation, indicated by a 6.6% increase in delivery volume compared to the five-day average, suggests growing interest in the stock, contributing positively to its recent price movement. There is no information available regarding any positive or negative factors that could further explain the stock's performance.
Broader market context indicates that Elixir Capital has outperformed the Sensex, which has declined by 0.90% over the past week while Elixir has increased by 0.30%. This short-term performance highlights the stock's relative strength compared to the broader market. Despite the significant year-to-date decline, the stock's recent gains and positive momentum suggest a potential recovery phase, especially in contrast to the benchmark's performance.