Why is KG Petrochem falling/rising?

As of 05-Aug, KG Petrochem Ltd's stock price is currently at 249.95, reflecting an increase of 3.15, or 1.28%. The stock has been gaining for the last two days, with a total return of 1.61% during this period. Despite opening with a loss of 2.76% today and touching an intraday low of Rs 239.9, the stock has outperformed its sector by 1.71%. Over the past week, the stock has seen a decline of 4.96%, and year-to-date, it is down 16.45%. However, it has shown a positive annual return of 23.74%. Notably, there has been a significant increase in investor participation, with delivery volume rising by 685.5% against the 5-day average, indicating growing interest despite some erratic trading patterns.
In the broader market context, the Sensex has declined by 0.77% over the past week, which suggests that KG Petrochem's recent performance is somewhat isolated from the general market trend. While the stock has underperformed the benchmark in the year-to-date and one-month periods, it has outperformed the Sensex over the past year. The stock's current liquidity is adequate for trading, and it is trading above its 200-day moving average, although it remains below its shorter-term moving averages. Overall, the combination of recent gains, increased investor participation, and relative performance against the benchmark indicates a positive shift in sentiment for KG Petrochem, despite its recent volatility.