Why is Essar Shipping falling/rising?

As of 17-Sep, Essar Shipping Ltd's stock price is currently at 26.42, reflecting an increase of 0.93 or 3.65%. The stock has shown strong performance recently, gaining for three consecutive days and achieving a total return of 9.4% during this period. Additionally, the stock has outperformed its sector by 3.79%. In terms of returns compared to benchmarks, over the past week, the stock has risen by 8.95%, while the Sensex has only increased by 1.56%. However, it is important to note that the stock is down 25.18% year-to-date and 34.97% over the past year, indicating a longer-term decline despite recent gains. The stock's moving averages indicate it is performing better than the 5-day and 20-day averages, although it remains below the longer-term averages of 50, 100, and 200 days. The recent increase in delivery volume, which rose by 272.51% against the 5-day average, suggests rising investor participation, contributing positively to the stock's upward movement.
In the broader market context, Essar Shipping's short-term performance has significantly outpaced the Sensex, which indicates a favorable sentiment among investors compared to the overall market. The stock's recent gains can be attributed to increased investor interest and trading activity, as evidenced by the notable rise in delivery volume. Despite the stock's poor performance over the longer term, the current upward trend may reflect a recovery phase or positive sentiment among traders, contrasting with the Sensex's more modest gains. Overall, while the stock has experienced significant declines in the past year, the recent performance suggests a potential turnaround, at least in the short term.