Why is Gautam Gems falling/rising?

As of 04-Nov, Gautam Gems Ltd is experiencing a price increase, currently at 3.88, reflecting a change of 0.23 or 6.3% upward. Today's price summary indicates that the stock has outperformed its sector by 3.71% and has shown a trend reversal after two consecutive days of decline. Despite this positive movement, Gautam Gems is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant increase in delivery volume, rising by 412.08% against the 5-day average, which suggests a growing interest among investors. However, the stock's long-term performance remains concerning, with a year-to-date decline of 27.07% and a staggering 68.66% drop over the past three years.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a positive return of 6.81% year-to-date. Over the past week, Gautam Gems has underperformed the benchmark, with a decline of 3.00% compared to the Sensex's drop of only 1.38%. This indicates that while the stock is currently experiencing a short-term rebound, its overall performance remains weak relative to the market. The positive movement today may be attributed to sector gains in the Diamond & Gold Jewellery market, which increased by 2.57%, providing a supportive backdrop for Gautam Gems' recent price rise.