Why is Gem Enviro falling/rising?

As of 03-Nov, Gem Enviro Management Ltd's stock price is currently at 55.45, reflecting an increase of 2.92 or 5.56%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and opened with a notable gain of 4.23%. It has outperformed its sector by 5.46% today, reaching an intraday high of Rs 55.5. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 50% compared to the five-day average. However, the stock's year-to-date performance remains concerning, with a decline of 57.66%, and it is currently trading below its longer-term moving averages.
Broader Market Context: In the short term, Gem Enviro's stock has outperformed the Sensex, which has declined by 0.94% over the past week while Gem Enviro has increased by 6.08%. This indicates that the stock is gaining traction despite its overall poor performance year-to-date and over the past year, where it has seen declines of 57.66% and 67.94%, respectively. The broader market context shows that while the stock is experiencing a temporary rise, it is still facing significant challenges compared to the benchmark, which has shown positive returns over the same periods.