Why is Encode Packaging falling/rising?

As of 11-Sep, Encode Packaging India Ltd's stock price is currently at 12.45, reflecting an increase of 0.55 or 4.62%. The stock has shown a positive trend recently, gaining for the last two days and achieving a total return of 9.4% during this period. It has outperformed its sector by 4.81%. However, despite this recent uptick, the stock has a mixed performance over longer periods, with a year-to-date return of 3.75% compared to a decline of 23.01% over the past year. Notably, there has been a significant drop in investor participation, with delivery volume falling by 86.37% against the 5-day average, which may indicate a lack of confidence among investors.
Broader Market Context: In the short term, Encode Packaging's 1-week return of 3.84% significantly outpaces the Sensex's return of 1.03%, suggesting that the stock is performing well relative to the broader market. However, over the past month, the stock has underperformed, with a decline of 1.97% compared to the Sensex's increase of 1.17%. This contrast highlights the stock's volatility and the challenges it faces in maintaining momentum amidst broader market trends. The liquidity of the stock remains adequate for trading, but the overall decline in delivery volume may raise concerns about sustained interest from investors.