Why is Encode Packaging falling/rising?

As of 11-Nov, Encode Packaging India Ltd's stock price is currently at 12.45, reflecting a slight increase of 0.03 or 0.24%. The stock has shown a positive performance recently, gaining for the last two days and achieving a return of 5.24% over the past month. However, it has underperformed in the longer term, with a year-to-date return of 3.75% compared to a 7.34% increase in the benchmark Sensex. Notably, the stock's delivery volume has decreased significantly, falling by 58.96% against the 5-day average, indicating a decline in investor participation, which could negatively impact future price movements.
Broader Market Context: In the short term, Encode Packaging's performance has outpaced the sector by 0.82% today, although it has experienced a decline of 4.23% over the past week while the Sensex has gained 0.49%. This suggests that while the stock is currently experiencing a minor upward movement, its overall performance relative to the benchmark has been mixed, particularly in the longer term where it has lagged behind the Sensex over the past year and five years. The stock's liquidity remains adequate for trading, but the falling investor participation could pose challenges for sustained price increases moving forward.