Why is Evans Electric falling/rising?

As of 15-Oct, Evans Electric Ltd's stock price is currently at 154.30, reflecting an increase of 1.3, or 0.85%. The stock has shown a trend reversal today, gaining after two consecutive days of decline, and opened with a significant gain of 4.58%. Despite this positive movement, the stock has underperformed its sector by 0.92% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has decreased, with a delivery volume drop of 28.57% compared to the 5-day average. Over the past week, the stock has performed well, gaining 6.63%, although it has seen a decline of 4.87% over the past month and a year-to-date drop of 14.35%.
In the broader market context, while Evans Electric's recent 1-week performance has outpaced the Sensex, which gained only 1.02%, its longer-term returns indicate a struggle, with a year-to-date decline significantly worse than the benchmark's 5.72% increase. The stock's performance over the past year shows a slight decrease of 1.41%, while the Sensex has increased by 0.96%. This mixed performance suggests that while there may be short-term gains, the overall trend for Evans Electric remains concerning compared to the broader market, reflecting challenges that could be influencing investor sentiment and participation.