Why is Loyal Equipments falling/rising?

As of 06-Aug, Loyal Equipments Ltd is experiencing a price increase, with its current price at Rs 294.00, reflecting a rise of Rs 12.65 or 4.5%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It outperformed its sector by 5.89% and reached an intraday high of Rs 295.4. Despite the recent downturn, the stock has shown strong long-term performance, with a year-to-date increase of 6.91% and an impressive 811.63% rise over the past three years. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 21.36% compared to the five-day average, suggesting renewed interest in the stock.
Broader Market Context: In the short term, Loyal Equipments has underperformed compared to the benchmark Sensex, with a one-week decline of 6.03% against the Sensex's drop of 1.15%. However, the stock's year-to-date performance is better than the benchmark, which has increased by 3.08%. This indicates that while the stock has faced recent challenges, its overall resilience and long-term growth potential may be attracting investors, contributing to the current upward movement in price.