Why is H. S. India falling/rising?

As of 23-Oct, H. S. India Ltd's stock price is currently at Rs 14.38, reflecting an increase of Rs 1.26, or 9.6%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 10.49%. It reached an intraday high of Rs 14.9, indicating strong upward momentum. Despite this, there has been a notable decline in investor participation, with delivery volume falling by 25.55% compared to the five-day average. The stock is trading above its moving averages across various time frames, suggesting a bullish trend, although it has experienced high volatility today with an intraday volatility of 5.82%.
In the broader market context, H. S. India Ltd's short-term performance over the past week shows a return of +5.66%, significantly outperforming the Sensex, which only gained +1.30% in the same period. However, the stock's year-to-date performance remains negative at -22.69%, contrasting with the Sensex's positive return of +8.21%. This disparity highlights the stock's struggles over a longer timeframe despite recent gains. Overall, while today's price movement indicates a rebound, the ongoing decline in investor participation and the stock's negative year-to-date performance suggest caution among investors.