Why is Loyal Textile falling/rising?

As of 28-Aug, Loyal Textile Mills Ltd is experiencing a price increase, currently at Rs 318.90, reflecting a rise of Rs 14.9 or 4.9%. The stock has shown positive momentum recently, with a performance today that outperformed its sector by 4.7%. It has gained for the last two consecutive days, achieving a return of 5.21% over this period. However, despite this recent uptick, the stock has faced challenges over the longer term, with a year-to-date decline of 6.54% and a significant drop of 46.77% over the past year. Notably, the stock opened with a gain of 4.93% today and reached an intraday high of Rs 319, although it has been trading in a narrow range and has seen a decline in investor participation, with delivery volume dropping by 89% against the 5-day average.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has declined by 2.34% over the past week. While Loyal Textile Mills has outperformed the benchmark in this timeframe, its longer-term performance remains concerning, with a 1-month return of -6.21% compared to the Sensex's -1.00%. The stock's liquidity appears adequate for trading, but the erratic trading patterns and lower delivery volumes suggest caution among investors. Overall, while the recent price increase may indicate a temporary rebound, the longer-term trends and declining investor interest could pose challenges ahead.