Why is Gini Silk Mills falling/rising?

As of 08-Oct, Gini Silk Mills Ltd's stock price is currently at 74.11, reflecting an increase of 5.75, or 8.41%. Today, the stock has outperformed its sector by 8.83%, reaching an intraday high of Rs 76.99, which is a 12.62% rise. The stock has shown high volatility with an intraday volatility of 5.47% and has traded in a wide range of Rs 7.99. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 976.35% compared to the 5-day average. However, the stock's performance over the past month shows a decline of 8.51%, and it has a year-to-date drop of 44.24%, indicating a challenging longer-term trend.
In the broader market context, Gini Silk Mills' short-term performance of +2.04% over the past week has outpaced the Sensex, which has gained only +0.98% during the same period. Despite this recent uptick, the stock's year-to-date performance is significantly worse than the benchmark's +4.65%, highlighting ongoing struggles. The stock's moving averages indicate that while it is currently above the 5-day moving average, it remains below the longer-term moving averages, suggesting that the recent rise may not yet indicate a sustained recovery. Overall, while there are positive signs in today's trading, the stock's longer-term performance remains concerning.