Why is Hardcast.& Waud falling/rising?

As of 18-Sep, Hardcastle & Waud Mfg Co Ltd's stock price is currently at 779.00, reflecting an increase of 11.35 or 1.48%. The stock has shown a positive performance today, outperforming its sector by 1.72%. However, it has experienced erratic trading, not trading on one day out of the last 20 days, and has traded within a narrow range of Rs 5.15. Additionally, the stock's delivery volume has significantly decreased by 81.78% against the 5-day average, indicating falling investor participation. While the stock has higher prices compared to its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. Year-to-date, the stock is down 12.07%, and over the past year, it has declined by 28.47%, contrasting with a strong 3-year return of 126.39%.
In the broader market context, the stock's short-term return over the past week is +5.20%, which is significantly higher than the Sensex's return of +1.80% during the same period. This indicates that while Hardcastle & Waud is currently outperforming the benchmark in the short term, its longer-term performance remains concerning, especially with a year-to-date decline compared to the Sensex's increase of 6.24%. The combination of declining investor participation and the stock's erratic trading behavior suggests that while there may be short-term gains, the overall sentiment towards the stock remains cautious.