Why is Encode Packaging falling/rising?

As of 27-Jun, Encode Packaging India Ltd is experiencing a price increase, with its current price at Rs. 11.90, reflecting a change of 0.56 or 4.94% upward. Despite this positive movement today, the stock has shown a decline over the past week, month, and year, with returns of -4.72%, -4.95%, and -21.24% respectively. The stock hit a new 52-week low of Rs. 10.78 earlier today, indicating ongoing challenges. However, it outperformed its sector by 5.17% today, and there has been a notable increase in investor participation, with delivery volume rising by 58.5% against the 5-day average. The stock is currently trading below all its moving averages, which suggests a bearish trend in the longer term.
In the broader market context, the Sensex has shown positive returns of +2.00% over the past week and +3.07% over the past month, contrasting sharply with Encode Packaging's negative performance during the same periods. Year-to-date, while the Sensex has gained 7.58%, Encode Packaging has only managed a slight decline of -0.83%. This disparity highlights the stock's underperformance relative to the benchmark, which may be contributing to investor caution despite today's price increase. Overall, the stock's recent rise may be seen as a short-term correction amidst a longer-term downward trend, influenced by broader market dynamics.