Why is Globe Textiles falling/rising?

As of 05-Aug, Globe Textiles (India) Ltd is experiencing a price increase, currently at Rs 2.24, reflecting a change of 0.04 or 1.82% upward. Despite this positive movement today, the stock has shown a concerning trend over the past week and month, with returns of -0.88% and -12.16%, respectively. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 29.8% compared to the 5-day average, which may suggest waning interest among investors. The absence of any positive or negative dashboard data limits the understanding of specific factors influencing the stock's recent performance.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.69% over the past week, Globe Textiles has underperformed with a larger drop of 0.88%. This trend continues when looking at the longer-term performance, where the stock has significantly lagged behind the Sensex, with a year-to-date return of -54.93% against the benchmark's +4.25%. The stark contrast in performance highlights the challenges Globe Textiles is facing relative to the broader market, further emphasizing the stock's volatility and investor concerns.