Why is Indag Rubber falling/rising?

As of 23-Sep, Indag Rubber Ltd's stock price is currently at 124.00, reflecting an increase of 1.3 or 1.06%. The stock has been gaining for the last two days, with a total return of 1.22% during this period. However, despite this recent uptick, the stock has experienced a significant decline year-to-date, down 29.69%, and a 1-month decline of 1.27%. The stock's performance today is in line with its sector, but it is important to note that investor participation has fallen, with delivery volume decreasing by 54.95% compared to the 5-day average. Additionally, while the stock is trading above its 5-day and 20-day moving averages, it remains below its longer-term moving averages, indicating potential challenges in sustaining upward momentum.
In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, contrasting with Indag Rubber's 2.02% gain during the same period. This suggests that the stock's recent performance is relatively strong compared to the benchmark. However, over longer periods, such as year-to-date and one year, Indag Rubber has underperformed significantly against the Sensex, which has gained 5.07% year-to-date. This disparity highlights the stock's volatility and the challenges it faces in regaining investor confidence amidst a generally positive market backdrop.