Why is Kabra Extrusion falling/rising?

As of 18-Nov, Kabra Extrusion Technik Ltd's stock price is currently at 231.35, reflecting an increase of 10.8, or 4.9%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 5.86% during this period. It outperformed its sector by 6.2% today and reached an intraday high of Rs 246.65, which is an increase of 11.83%. Despite a challenging year-to-date performance, where the stock is down 58.09%, it has shown resilience with a 1-week return of 1.76%, indicating some recovery momentum. Notably, there has been a significant increase in investor participation, with delivery volume rising by 335.16% against the 5-day average, suggesting growing interest in the stock.
In the broader market context, Kabra Extrusion's recent performance contrasts with the Sensex, which has gained 0.96% over the past week. While the stock has struggled over the longer term, with a year-to-date decline of 58.09% compared to the Sensex's 8.36% increase, the recent short-term gains may indicate a potential turnaround. The stock's liquidity remains adequate for trading, and while it is currently above its 5-day moving averages, it still lags behind longer-term averages. Overall, the recent upward movement in stock price can be attributed to increased trading activity and a short-term recovery, despite the broader challenges faced in the market.