Why is Indo Euro Indch. falling/rising?

As of 30-Sep, Indo Euro Indchem Ltd's stock price is currently at 11.89, reflecting an increase of 0.62, or 5.5%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Additionally, the stock has experienced a significant drop in investor participation, with delivery volume falling by 58.91% compared to the 5-day average. Over the past week, the stock has underperformed with a return of -5.63%, while the Sensex has only declined by 2.23%. Year-to-date, Indo Euro Indchem Ltd has seen a substantial decline of 26.56%, contrasting sharply with the Sensex's positive return of 2.72%.
In the broader market context, the stock's performance over the past week highlights its struggle compared to the benchmark index. While the Sensex has shown resilience, Indo Euro Indchem Ltd's negative returns over various periods, including a 30.06% decline over the past year, suggest ongoing challenges for the company. Despite today's positive movement, the overall trend indicates a lack of sustained investor confidence, further exacerbated by the significant drop in trading volume. The liquidity of the stock remains adequate for trading, but the persistent underperformance against the benchmark raises concerns about its future trajectory.