Why is Evoq Remedies falling/rising?

As of 19-Sep, Evoq Remedies Ltd's stock price is currently at 3.93, reflecting an increase of 0.35 or 9.78%. The stock has shown a strong performance today, outperforming its sector by 9.51%. Additionally, the stock's delivery volume has significantly increased, rising by 104.55% compared to the 5-day average, indicating rising investor participation. In terms of returns, the stock has experienced a 6.50% increase over the past week, although it has seen declines of 1.26% over the past month and a substantial 49.62% year-to-date. The stock is currently trading above its 5-day, 20-day, and 100-day moving averages, but below its 50-day and 200-day moving averages, suggesting mixed momentum in the longer term.
Broader market context shows that while Evoq Remedies has outperformed the Sensex by a notable margin in the short term, it has struggled significantly over longer periods, with a year-to-date decline of 49.62% compared to a 5.74% increase in the Sensex. This stark contrast highlights the stock's volatility and challenges in maintaining investor confidence over time. Despite today's positive movement, the broader trend indicates that the stock has not performed well relative to the market, which may temper enthusiasm among investors looking for stability.