Why is Gokaldas Exports falling/rising?

As of 07-Aug, Gokaldas Exports Ltd is currently priced at Rs. 724.00, reflecting an increase of Rs. 10.55 or 1.48%. The stock has recently experienced a trend reversal, gaining after two consecutive days of decline. Despite this uptick, it opened with a loss of 3.14% today and touched a new 52-week low of Rs. 685.9. The stock has underperformed significantly over the past week and month, with declines of 14.88% and 19.52%, respectively. However, there has been a notable increase in investor participation, with delivery volume rising by 233.07% against the 5-day average, indicating a potential shift in market sentiment. Unfortunately, the positive and negative factors dashboard is unavailable for further insights.
Broader market context shows that Gokaldas Exports has significantly underperformed compared to the Sensex, particularly in the year-to-date period, where it has declined by 36.02% while the benchmark has gained 3.18%. This stark contrast highlights the challenges faced by the company in the current market environment. Despite the recent price increase, the stock remains below its moving averages across various time frames, suggesting ongoing bearish sentiment. The broader market has also seen a modest decline, with the Sensex down 0.69% over the past week, indicating that while Gokaldas Exports is experiencing a slight recovery today, it is still navigating a difficult landscape.