Why is Essar Shipping falling/rising?

As of 16-Sep, Essar Shipping Ltd's stock price is currently at Rs 25.49, reflecting an increase of Rs 1.24, or 5.11%. The stock has been gaining momentum, having risen 5.55% over the last two days and outperforming its sector by 1.81% today. Despite this positive short-term performance, the stock has experienced a decline of 1.73% over the past month and a significant drop of 27.81% year-to-date. The stock is currently trading above its 5-day and 20-day moving averages, although it remains below its longer-term moving averages. Notably, investor participation has decreased, with delivery volume falling by 4.52% compared to the 5-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, Essar Shipping's recent performance contrasts with the benchmark Sensex, which has gained 1.58% over the past week and 2.21% over the past month. While the stock has outperformed the sector recently, its year-to-date performance remains significantly lower than the benchmark's 5.43% gain. The shipping sector overall has seen a rise of 3.32%, suggesting that while the sector is performing well, Essar Shipping's long-term struggles, as evidenced by its year-on-year decline of 38.78%, may be weighing on investor sentiment despite the recent uptick in price.