Why is Esprit Stones falling/rising?

As of 16-Sep, Esprit Stones Ltd is experiencing a price increase, with its current price at Rs 85.50, reflecting a rise of Rs 2.0 or 2.4%. Despite this positive movement today, the stock has underperformed over the past month, showing a decline of 14.46%, while the benchmark Sensex has increased by 2.47% during the same period. The stock is currently trading 4.09% away from its 52-week low and has been consistently below its moving averages across various time frames. Additionally, there has been a decrease in investor participation, with delivery volume falling by 5.41% compared to the 5-day average, indicating a potential lack of confidence among investors.
In the broader market context, the stock's short-term performance of +0.53% over the past week is notably lower than the Sensex's gain of +1.49%. This suggests that while Esprit Stones has seen a slight uptick today, it is still struggling to keep pace with the overall market. The significant year-to-date decline of 32.06% further highlights the challenges the company faces in regaining investor interest and confidence, especially as it continues to lag behind the benchmark's performance.