Why is Evans Electric falling/rising?

As of 23-Sep, Evans Electric Ltd is experiencing a price increase, with its current price at 168.00, reflecting a change of 0.6 (0.36%) upward. The stock has shown a positive performance today, outperforming its sector by 1.94% and marking a trend reversal after two consecutive days of decline. Additionally, the stock's delivery volume has risen by 17.65% compared to the 5-day average, indicating increased investor participation. Over the past week, the stock has gained 1.82%, contrasting with a slight decline in the benchmark Sensex, which fell by 0.34%. However, the stock has faced challenges in the longer term, with a year-to-date decline of 6.74% compared to the Sensex's gain of 5.07%.
In the broader market context, while Evans Electric has shown resilience with a significant 15.46% increase over the past year, it has underperformed against the benchmark in the short term, particularly in the last month where it declined by 1.15% while the Sensex rose by 0.98%. The stock's performance over three years has been remarkable, with a staggering increase of 649.58%, significantly outpacing the Sensex's 41.31% rise. This long-term growth may provide a cushion against short-term fluctuations, but the recent price movements suggest a cautious optimism among investors, bolstered by rising liquidity and participation.