Why is Gujarat Hy-Spin falling/rising?

As of 23-Sep, Gujarat Hy-Spin Ltd's stock price is currently at 16.23, reflecting an increase of 1.47 or 9.96%. The stock has shown a significant turnaround today, gaining after eight consecutive days of decline. Despite opening with a loss of 5.15%, it reached an intraday high of Rs 16.23, indicating a strong recovery within the trading day. The stock has been highly volatile, with an intraday volatility of 7.34%. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 71.72% compared to the five-day average. However, the stock is still trading below its moving averages across various time frames, which suggests ongoing challenges. The performance over the past week shows a decline of 34.02%, contrasting sharply with the Sensex, which only fell by 0.34%.
In the broader market context, Gujarat Hy-Spin's recent performance has been underwhelming compared to the benchmark index. While the stock has experienced a significant drop in the short term, the Sensex has remained relatively stable, gaining 0.98% over the past month. Year-to-date, Gujarat Hy-Spin is down 21.78%, while the Sensex has increased by 5.07%. This stark difference highlights the stock's struggles in the current market environment, despite today's positive movement. The overall market sentiment appears to be more favorable towards the benchmark, which may contribute to the stock's volatility and recent price fluctuations.