Why is IL&FS Transport falling/rising?

As of 27-Jun, IL&FS Transportation Networks Ltd has seen its stock price rise to 4.08, reflecting an increase of 0.14 or 3.55%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 12.71% during this period. Additionally, the stock has outperformed its sector by 3.32%. In terms of returns, over the past week, the stock has increased by 8.80%, significantly outpacing the Sensex, which only rose by 2.00%. However, it is important to note that the stock is down 31.08% year-to-date and has experienced a decline of 41.29% over the past year. The stock's moving averages indicate a positive trend, being higher than the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. Rising investor participation is evident, with a delivery volume increase of 63.31% against the 5-day average.
In the broader market context, the stock's short-term performance is notably stronger than that of the benchmark, as it has outperformed the Sensex over the last week and month. While the Sensex has gained 3.07% over the past month, IL&FS Transportation has surged by 18.60% in the same timeframe. This suggests that the stock is experiencing a recovery phase, despite its significant declines in the longer term. The liquidity of the stock appears adequate for trading, as indicated by its delivery volume, which supports the notion of increasing investor interest. Overall, the recent positive momentum in the stock price can be attributed to improved performance metrics and heightened investor engagement, despite the challenges faced over the longer term.