Why is Jagan Lamps falling/rising?

As of 17-Sep, Jagan Lamps Ltd is experiencing a decline in its stock price, currently at 83.60, which reflects a decrease of 0.85 or 1.01%. The stock has underperformed its sector by 0.97% today and has fallen after two consecutive days of gains. Despite this recent downturn, Jagan Lamps is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 729.86% against the 5-day average, suggesting heightened interest in the stock. However, the stock's year-to-date performance shows a decline of 12.51%, contrasting with a 5.83% increase in the benchmark index.
In the broader market context, Jagan Lamps has outperformed the Sensex over the past week and month, with returns of 7.18% and 7.93%, respectively, compared to the benchmark's 1.56% and 2.60%. However, the stock's year-to-date and one-year returns are significantly negative, which may be contributing to investor caution. While the stock has shown strong performance over the past three and five years, the recent price movement suggests a potential correction after a brief rally, indicating that despite positive short-term trends, longer-term concerns may be weighing on investor sentiment.