Why is Evans Electric falling/rising?

As of 17-Sep, Evans Electric Ltd's stock price is currently at 166.95, reflecting an increase of 1.95, or 1.18%. The stock has been on a positive trajectory, gaining for the last four days with a total return of 4.34% during this period. Despite opening down by 2.42% today and touching an intraday low of Rs 155, the stock has shown resilience with a significant rise in delivery volume, increasing by 233.33% against the 5-day average. The stock's performance over the past week has outperformed the sector by 0.4%, although it has experienced a decline of 1.79% over the past month. Year-to-date, the stock is down 7.33%, contrasting with a robust 595.62% increase over the past three years.
Broader market context indicates that while Evans Electric has faced challenges in the short term, it has outperformed the Sensex in the last week, which gained 1.56%. The stock's year-to-date performance is notably weaker compared to the benchmark's 5.83% increase. The current liquidity of the stock suggests it is sufficiently active for trading, which may contribute to its recent price recovery. Overall, the combination of rising investor participation and recent gains, despite earlier losses, reflects a complex market sentiment surrounding Evans Electric.