Why is Jai Mata Glass falling/rising?

As of 08-Jul, Jai Mata Glass Ltd is experiencing a price increase, currently at 1.57, which reflects a rise of 0.07 or 4.67%. The stock has shown positive momentum, gaining for the last two days with a total return of 9.79% during this period. However, despite this recent uptick, the stock has underperformed over the longer term, with a significant decline of 27.31% over the past month and 48.36% year-to-date. Additionally, the stock is currently trading higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a sharp decline in investor participation, with delivery volume dropping by 89.52% compared to the 5-day average, indicating a potential concern regarding liquidity and interest in the stock.
In the broader market context, the stock has outperformed the sector by 5.11% today, which may contribute to its recent price rise. However, when comparing its short-term return of 1.29% over the past week to the Sensex, which has only increased by 0.02%, it highlights that while Jai Mata Glass is gaining traction in the short term, it still faces challenges in the longer-term performance metrics. The stark contrast between its year-to-date decline and the Sensex's gain of 7.13% further emphasizes the stock's struggles in the broader market environment.