Why is JK Tyre & Indust falling/rising?

As of 07-Aug, JK Tyre & Industries Ltd is currently priced at 325.50, reflecting an increase of 3.95 or 1.23%. The stock has shown a trend reversal by gaining after two consecutive days of decline. Additionally, it has outperformed its sector by 1.48% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 15.5% against the 5-day average. The stock's performance over the past week shows a decline of 3.10%, and it has underperformed the benchmark Sensex over the past month and year-to-date.
In the broader market context, while JK Tyre has experienced a significant decline of 16.16% year-to-date, the Sensex has gained 3.18% in the same period, highlighting a stark contrast between the stock's performance and the overall market trend. The stock's recent rise today may be attributed to a combination of increased trading activity and a short-term recovery after previous losses, but its long-term performance remains weak compared to the benchmark. Overall, the stock's current upward movement appears to be a temporary rebound amidst a generally negative trend in both the stock's historical performance and its relative position against the market.