Why is Encode Packaging falling/rising?

As of 19-Sep, Encode Packaging India Ltd's stock price is currently at 12.50, reflecting an increase of 0.24 or 1.96%. The stock has shown a positive performance today, outperforming its sector by 1.56%. However, despite this uptick, the stock has experienced a decline of 2.57% over the past month and a significant drop of 23.41% over the past year. The stock's delivery volume has notably decreased by 75.01% compared to the 5-day average, indicating falling investor participation. While the stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average, suggesting mixed signals regarding its long-term trend.
In the broader market context, Encode Packaging's short-term return of +5.66% over the past week significantly outpaces the Sensex, which has only gained +0.88% in the same period. However, the stock's year-to-date performance of +4.17% is lagging behind the Sensex's +5.74%. This indicates that while the stock is currently experiencing a positive movement, its longer-term performance remains weak compared to the benchmark. The overall market sentiment, as reflected in the Sensex's modest gains, suggests that broader economic factors may not be favoring the stock, contributing to its volatility and mixed performance.