Why is Ganesha Ecoverse falling/rising?

As of 29-Oct, Ganesha Ecoverse Ltd's stock price is currently at Rs 35.00, reflecting an increase of Rs 1.1, or 3.24%. The stock has shown positive momentum recently, gaining for the last two days with a total return of 5.84% during this period. It opened with a gain of 2.18% today and reached an intraday high of Rs 37.5, which is a 10.62% increase. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 17.63% and a one-year drop of 26.85%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 23.61% compared to the five-day average, indicating a potential concern regarding sustained interest in the stock.
Broader Market Context: In the short term, Ganesha Ecoverse's performance has outpaced the benchmark Sensex, which has only risen by 0.68% over the past week, while the stock itself has increased by 3.55%. This suggests that the stock's recent gains are relatively strong compared to the broader market. However, over the past month, the stock has declined by 5.02%, contrasting sharply with the Sensex's gain of 5.76%, highlighting its struggles in the longer-term perspective. Overall, while the stock is currently experiencing a rise, its historical performance and declining investor participation may pose challenges for its future trajectory.