Why is Konark Synth falling/rising?

As of 01-Oct, Konark Synthetic Ltd's stock price is currently at Rs 37.20, reflecting an increase of 1.77 (5.0%). The stock has been gaining momentum, having risen consecutively for the last two days with a total return of 10.19% during this period. It outperformed its sector by 3.82% today and is trading above all its moving averages, indicating a positive trend. However, there has been a significant drop in investor participation, with delivery volume falling by 99.16% against the 5-day average, which may raise concerns about the sustainability of this price increase. The stock's year-to-date performance shows a gain of 5.98%, contrasting with a decline of 26.54% over the past year.
In the broader market context, Konark Synthetic Ltd's short-term performance over the past week shows a gain of 1.45%, while the Sensex has declined by 0.90%, indicating that the stock is performing well relative to the benchmark. Despite a slight decline of 2.08% over the past month compared to a 0.77% increase in the Sensex, the stock's year-to-date performance still surpasses that of the benchmark. This suggests that while the stock has faced challenges in the longer term, its recent upward movement is a positive sign against a backdrop of broader market fluctuations.