Why is Katare Spinning falling/rising?

As of 10-Nov, Katare Spinning Mills Ltd is currently priced at Rs. 119.80, reflecting an increase of Rs. 4.65 or 4.04%. The stock has shown a trend reversal today, gaining after three consecutive days of decline. Despite hitting a new 52-week low of Rs. 106.15 earlier in the day, it managed to outperform its sector by 4.37%. The stock experienced high volatility with an intraday range of Rs. 19.85, and while it touched a high of Rs. 126, it is still trading below all key moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 71.95% compared to the five-day average, indicating a lack of sustained buying interest.
Broader market context shows that over the past week, Katare Spinning has underperformed the Sensex, with a return of -1.28% compared to the benchmark's -0.53%. In the longer term, the stock has faced substantial declines, with a year-to-date drop of 44.02%, while the Sensex has gained 6.91% during the same period. This stark contrast highlights the challenges faced by Katare Spinning in the current market environment, despite today's positive price movement. The overall market sentiment appears to be more favorable towards the benchmark, which may contribute to the stock's volatility and recent fluctuations.