Why is Last Mile Enter. falling/rising?

As of 28-Aug, Last Mile Enterprises Ltd is experiencing a price increase, currently at Rs. 11.50, which reflects a change of 0.08 or 0.7% upward. The stock has recently hit a new 52-week low of Rs. 10.11, indicating significant volatility. Despite this, it has outperformed its sector by 1.77% today and has shown a trend reversal after two consecutive days of decline. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend overall. Additionally, investor participation has decreased, with delivery volume falling by 37.61% against the 5-day average, which may indicate waning interest among investors.
In the broader market context, Last Mile Enterprises Ltd has underperformed compared to the Sensex over various time frames, with a 1-week return of -7.93% compared to the benchmark's -2.34%. Over the past month, the stock has declined by 31.91%, while the Sensex has only decreased by 1.00%. This stark contrast highlights the stock's struggles relative to the overall market. Year-to-date, Last Mile has plummeted by 66.86%, while the Sensex has gained 2.48%, further emphasizing the stock's poor performance in the current market environment.