Why is High Energy Bat. falling/rising?

As of 06-Aug, High Energy Batteries (India) Ltd is experiencing a price increase, currently at Rs 587.00, reflecting a rise of Rs 16.6 or 2.91%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. Although it opened with a loss of 2.28%, it reached an intraday high of Rs 597.9, showing a significant recovery. The stock has outperformed its sector by 4.07%, and there has been a notable increase in investor participation, with delivery volume rising by 48.82% compared to the five-day average. However, it is important to note that the stock is trading below its moving averages across various time frames, indicating a longer-term bearish trend. The stock's performance over the past month shows a decline of 24.47%, contrasting sharply with its 3-year return of 36.11%.
In the broader market context, High Energy Batteries has underperformed the benchmark Sensex in the short term, with a one-week return of -9.41% compared to the Sensex's -1.15%. This suggests that while the stock is currently experiencing a rebound, it has faced significant challenges relative to the overall market. The year-to-date performance also highlights a decline of 4.08% for the stock, while the Sensex has gained 3.08%. This disparity indicates that despite today's positive movement, the stock's overall trajectory remains concerning when viewed against the benchmark's performance.