Why is IL&FS Transport falling/rising?

As of 03-Jul, IL&FS Transportation Networks Ltd has seen its stock price rise to 4.35, reflecting an increase of 0.13 or 3.08%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 8.48% during this period. Additionally, over the past week, the stock has outperformed its sector by 3.31%. However, it is important to note that the delivery volume has decreased by 34.16% compared to the five-day average, indicating a potential decline in investor participation. The stock's performance over the past month has been particularly strong, with a return of 38.54%, contrasting sharply with its year-to-date performance, which shows a decline of 26.52%.
In the broader market context, IL&FS Transportation Networks Ltd has outperformed the Sensex by a significant margin in the short term, with a weekly return of 10.41% compared to the Sensex's decline of 0.62%. This suggests that the stock's recent gains are not reflective of broader market trends, which have been less favorable. While the stock has shown strong short-term performance, its year-to-date and one-year returns remain negative, indicating that it has struggled over a longer horizon compared to the benchmark. Overall, the recent price increase appears to be driven by short-term momentum rather than sustained investor confidence, as evidenced by the falling delivery volumes.