Why is Gconnect Logitec falling/rising?

As of 01-September, Gconnect Logitech & Supply Chain Ltd's stock price is currently at Rs 24.63, reflecting an increase of 1.17 or 4.99%. The stock has shown a strong performance today, outperforming its sector by 2.82% and marking its fifth consecutive day of gains, with a total return of 13.61% over this period. Despite this positive movement, the stock has experienced a significant decline of 70.33% over the past year and a year-to-date drop of 26.48%. The stock opened with a gap up today, indicating positive market sentiment, although it has faced erratic trading patterns and a notable decrease in delivery volume, which fell by 82.14% against the five-day average.
In the broader market context, Gconnect's short-term performance stands in stark contrast to the Sensex, which has declined by 1.56% over the past week and is down 0.29% for the month. While the logistics sector has gained by 2.16%, Gconnect's substantial year-over-year decline highlights the challenges it faces despite recent gains. The stock's current trading levels are above its short-term moving averages, suggesting a potential recovery, but it remains below longer-term averages, indicating that investor confidence may still be fragile. Overall, while recent gains are encouraging, the stock's long-term performance and declining investor participation present ongoing challenges.