Why is Garg Furnace falling/rising?

As of 18-Nov, Garg Furnace Ltd's stock price is currently at 154.60, reflecting an increase of 8.3, or 5.67%. The stock has shown a trend reversal today, gaining after four consecutive days of decline. It opened with a significant gap up of 9.33% and reached an intraday high of Rs 163, which is an increase of 11.41%. Despite this positive movement today, the stock has underperformed in the longer term, with year-to-date returns down by 42.85% compared to the Sensex's 8.36% increase. Additionally, the stock is trading below all major moving averages, indicating a bearish trend over the medium to long term. However, there has been a notable rise in investor participation, with delivery volume increasing by 331.17% against the 5-day average, suggesting renewed interest among investors.
In the broader market context, Garg Furnace's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.96% over the past week while Garg Furnace has declined by 5.41%. This divergence highlights the stock's struggles relative to the overall market. Despite today's positive movement, the stock's long-term performance remains concerning, with significant declines over the past year and year-to-date. The liquidity of the stock appears adequate for trading, but the overall negative returns over longer periods may continue to weigh on investor sentiment.