Why is Jagjanani Text. falling/rising?

As of 16-Sep, Jagjanani Textiles Ltd is experiencing a price increase, currently at 5.96, which reflects a change of 0.29 or 5.11% upward. The stock has shown a trend reversal, gaining after eight consecutive days of decline. However, it is important to note that the stock 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 underperformed in the longer term, with a year-to-date decline of 57.28% compared to a 5.43% increase in the benchmark Sensex. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 52.46% against the 5-day average, which may suggest a lack of confidence among investors.
In the broader market context, while Jagjanani Textiles has outperformed its sector by 3.66% today, its recent performance over the past week shows a decline of 2.30%, contrasting with the Sensex's gain of 1.58%. This indicates that despite today's positive movement, the stock is still struggling relative to the overall market. The significant drop in delivery volume and the stock's position below key moving averages suggest that the recent rise may not be sustainable without a broader recovery in investor sentiment and participation.