Why is Indrayani Biotec falling/rising?

As of 24-Sep, Indrayani Biotech Ltd's stock price is currently at 13.19, reflecting an increase of 0.29 or 2.25%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 16.62% during this period. Additionally, it has outperformed its sector by 0.73%. Despite a significant year-to-date decline of 63.74%, the stock has shown positive movement in the short term, with a 10.84% increase over the past week and a 3.05% rise over the past month. The delivery volume has also increased by 53% compared to the five-day average, indicating rising investor participation, although there is no information available on positive or negative factors that could further explain this movement.
Broader market context shows that while Indrayani Biotech has experienced a substantial decline over the longer term, it has recently outperformed the benchmark Sensex, which has decreased by 1.18% over the past week. This contrast highlights the stock's short-term resilience despite its long-term challenges, as indicated by its performance relative to the benchmark. The stock's current price movement suggests a potential recovery phase, although it remains below its longer-term moving averages, indicating that while there is positive momentum, it may still face hurdles in sustaining this upward trajectory in the broader market environment.