Why is Gokak Textiles falling/rising?

As of 30-Oct, Gokak Textiles Ltd is experiencing a price increase, currently at Rs 89.99, reflecting a rise of 6.42 or 7.68%. The stock opened with a gain of 4.7% today and reached an intraday high of Rs 90.2, outperforming its sector by 8.22%. Despite this positive movement, the stock has shown a significant decline year-to-date of 43.77% and a one-year drop of 54.82%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 55.48% against the five-day average, indicating a potential concern regarding sustained interest in the stock.
Broader Market Context: In the short term, Gokak Textiles has outperformed the Sensex, with a one-week return of 5.63% compared to the benchmark's slight decline of 0.18%. However, over the past month, the stock has lagged behind the Sensex, which gained 5.15%. This contrast highlights the stock's volatility and the challenges it faces despite recent gains. Overall, while the stock is currently rising, its long-term performance remains under pressure, reflecting broader market dynamics and investor sentiment.