Why is Kakatiya Textile falling/rising?

As of 07-Nov, Kakatiya Textiles Ltd is experiencing a price increase, currently at 16.75, which reflects a rise of 0.75 or 4.69%. The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is still 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 26.44% compared to a 6.50% increase in the Sensex. Notably, there has been a significant drop in investor participation, with delivery volume falling by 58.7% against the 5-day average, which may suggest a lack of confidence among investors.
In the broader market context, Kakatiya Textiles' short-term performance has outpaced the sector by 4.04%, despite a 1.06% decline over the past week compared to a 0.86% decline in the Sensex. This indicates that while the stock is currently rising, it has struggled in the longer term, with a substantial 85.40% drop over the past three years, contrasting sharply with the Sensex's 36.01% gain during the same period. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, which supports its ability to attract trades despite the recent decline in delivery volumes.