Why is Haz.Multi Proj. falling/rising?

As of 19-Nov, Hazoor Multi Projects Ltd is experiencing a price increase, currently at Rs. 31.85, reflecting a change of Rs. 3.29 or 11.52% upwards. The stock has shown a trend reversal after two consecutive days of decline, outperforming its sector by 12.18% today. It reached an intraday high of Rs. 32.75, although it also hit a new 52-week low of Rs. 26.8 earlier in the day. Despite the recent volatility, with an intraday range of Rs. 5.95 and high volatility of 9.97%, there has been a significant increase in investor participation, with delivery volume rising by 96.72% compared to the five-day average. However, the stock's longer-term performance remains concerning, with a year-to-date decline of 38.49% and a one-year drop of 43.02%.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has gained 0.85% over the past week and 1.47% over the past month. While Hazoor Multi Projects Ltd has struggled in the longer term, its recent price movement indicates a potential recovery phase, albeit from a low base. The stock's performance over the last three years has been strong, with a return of 244.48%, but the recent declines highlight the challenges it faces in regaining investor confidence amidst a generally positive market backdrop.