Why is Gem Enviro falling/rising?

As of 08-Oct, Gem Enviro Management Ltd's stock price is currently at Rs. 54.90, reflecting a slight increase of 0.05 or 0.09%. The stock has recently shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. The stock has also hit a new 52-week low of Rs. 53 today. Despite its recent performance, it has outperformed its sector by 0.31%. In terms of returns, the stock has seen significant declines over various periods, including a 58.08% drop year-to-date and a 67.15% decline over the past year, contrasting sharply with the Sensex, which has gained 4.65% year-to-date.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, with a 5.21% decline over the past week against a 0.98% increase in the Sensex. This underperformance highlights the challenges faced by Gem Enviro in the current market environment. However, there has been a notable increase in investor participation, with delivery volume rising by 70.89% against the 5-day average, suggesting some renewed interest despite the overall negative trends. The liquidity of the stock remains adequate for trading, which may provide some support for its price in the near term.