Why is Majestic Auto falling/rising?

As of 17-Sep, Majestic Auto Ltd's stock price is currently at 350.00, reflecting an increase of 2.0 (0.57%). The stock has been gaining momentum, having risen 3.83% over the last two days, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 6.81% compared to the 5-day average. Despite the positive performance in the short term, the stock has experienced a significant decline of 18.03% year-to-date and 20.09% over the past year, indicating a challenging longer-term trend.
In the broader market context, Majestic Auto's short-term return of 5.11% over the past week significantly outperforms the Sensex, which has only increased by 1.56% during the same period. This suggests that while the stock is currently experiencing a positive phase, it is essential to consider its overall underperformance relative to the benchmark over longer time frames. The stock's recent gains may be attributed to improved liquidity and investor interest, but the lack of available positive or negative factors in the dashboard limits a comprehensive understanding of the underlying reasons for its recent price movements.