Why is Gokak Textiles falling/rising?

As of 23-Sep, Gokak Textiles Ltd is experiencing a price increase, currently at Rs 91.79, reflecting a rise of Rs 4.01 or 4.57%. The stock has shown a positive trend today, outperforming its sector by 5.19% and marking a reversal after two consecutive days of decline. It reached an intraday high of Rs 91.83, indicating strong buying interest. Additionally, the stock's delivery volume has increased by 22.94% compared to the 5-day average, suggesting rising investor participation. However, despite today's gains, the stock has a year-to-date decline of 42.65% and a one-year drop of 64.16%, indicating significant long-term challenges.
In the broader market context, Gokak Textiles' short-term performance over the past week shows a gain of 0.98%, while the benchmark Sensex has declined by 0.34%. This indicates that Gokak is performing better than the overall market in the short term. However, over the longer term, the stock has underperformed the Sensex, which has risen by 5.07% year-to-date. The stock's moving averages suggest a mixed outlook, as it is above the 5-day and 20-day averages but below the longer-term averages, indicating potential volatility ahead. Overall, while today's performance is positive, the stock's long-term trajectory remains concerning.