Why is Indo Count Inds. falling/rising?

As of 17-Sep, Indo Count Industries Ltd is experiencing a price increase, with its current price at Rs 297.75, reflecting a rise of Rs 2.85 or 0.97%. The stock has been gaining for the last two days, with a total return of 6.72% during this period. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, despite this recent uptick, the stock has underperformed over the past year, with a return of -28.08%, while its profits have declined by -39.8%. The company has also reported negative results for the last four consecutive quarters, which may weigh on investor sentiment.
In the broader market context, Indo Count Industries Ltd has outperformed the Sensex in the short term, with a 1-week return of +4.66% compared to the Sensex's +1.56%. However, the stock's year-to-date performance shows a decline of -8.69%, contrasting with the Sensex's gain of +5.83%. This indicates that while the stock is currently gaining, it has struggled to maintain momentum over a longer period. The falling investor participation, as evidenced by a -14.66% drop in delivery volume, may also suggest caution among investors despite the stock's recent gains.