Why is Evoq Remedies falling/rising?

As of 05-Sep, Evoq Remedies Ltd is experiencing a price increase, currently at 3.87, reflecting a change of 0.21 or 5.74% upward. The stock has shown a notable performance today, outperforming its sector by 5.81% and indicating a trend reversal after two consecutive days of decline. In terms of returns, the stock has gained 26.06% over the past week, although it has seen a decline of 2.27% over the past month and a significant drop of 50.38% year-to-date. The stock's current price is higher than its 5-day, 20-day, and 100-day moving averages, but lower than its 50-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 56.52% against the 5-day average, which may impact the stock's momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.13% over the past week, Evoq Remedies' short-term gain of 26.06% indicates a strong performance relative to the broader market. However, the stock's year-to-date performance shows a stark contrast, with a decline of 50.38% compared to the Sensex's increase of 3.29%. This divergence highlights the challenges Evoq Remedies has faced over a longer period, despite its recent positive movement. Overall, while the stock is currently rising, its historical performance and reduced investor participation suggest ongoing volatility and uncertainty in its future trajectory.