Why is Looks Health falling/rising?

As of 13-Nov, Looks Health Services Ltd is experiencing a price increase, currently at 5.04, which reflects a change of 0.24 or 5.0% upward. The stock has shown a positive performance today, outperforming its sector by 5.23% and has been on a consecutive gain for the last two days, accumulating a total return of 6.11% during this period. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 0.98%, and a significant drop of 30.48% over the past three years. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 97.96% against the five-day average, which may indicate a lack of confidence among investors despite the recent price rise.
Broader market context shows that the Sensex has gained 1.40% over the past week and 2.61% over the past month, while Looks Health's short-term performance has been more favorable in comparison, particularly in the last two days. Despite the stock's recent gains, its year-to-date and one-year performances are still negative, contrasting with the Sensex's positive returns of 8.11% and 8.74%, respectively. This disparity suggests that while Looks Health is experiencing a short-term rally, it still faces challenges in regaining investor confidence and aligning with broader market trends.