Why is Goblin India falling/rising?

As of 31-Jul, Goblin India Ltd's stock price is currently at Rs 18.55, reflecting an increase of Rs 1.1, or 6.3%. The stock has shown a positive trend recently, gaining 12.15% over the last two days and outperforming its sector by 6.9% today. However, despite this short-term gain, the stock has a year-to-date decline of 41.11% and a significant drop of 59.07% over the past year. The trading activity has been erratic, with the stock not trading on one day out of the last 20, and there has been a notable decrease in investor participation, with delivery volume falling by 44.44% against the five-day average.
In the broader market context, Goblin India Ltd's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of only 0.68% over the past year. While the stock has outperformed the Sensex in the short term with a 9.76% gain over the past week compared to the Sensex's drop of 1.22%, its long-term performance remains concerning, as indicated by a 3-year decline of 13.72% versus the Sensex's gain of 41.02%. This disparity highlights the challenges Goblin India faces in regaining investor confidence amidst a generally improving market.