Why is JMD Ventures falling/rising?

As of 23-Sep, JMD Ventures Ltd is experiencing a price increase, with its current price at Rs. 5.80, reflecting a rise of 0.1 or 1.75%. The stock has shown mixed performance recently, having hit a new 52-week low of Rs. 5.59 today. While it is currently higher than its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 0.87%, contrasting with a decline of 3.33% over the past month and a significant drop of 55.28% year-to-date. The sector of Film Production, Distribution & Entertainment has seen a gain of 3.19%, which may be positively influencing investor sentiment. Additionally, there has been a rise in investor participation, with delivery volume increasing by 6.88% against the 5-day average.
In the broader market context, the Sensex has declined by 0.34% over the past week, indicating that JMD Ventures is outperforming the benchmark in this timeframe. However, the stock's longer-term performance is concerning, with a year-to-date decline of 55.28% compared to a 5.07% increase in the Sensex. This stark contrast highlights the challenges faced by JMD Ventures in the market. Despite the recent uptick in price, the stock's overall performance remains weak, particularly when viewed against the backdrop of the broader market trends.