Why is Manaksia falling/rising?

As of 23-Sep, Manaksia Ltd's stock price is currently at Rs 71.48, reflecting an increase of Rs 1.52 or 2.17%. The stock has shown positive momentum, gaining for the last two days with a total return of 3.06% during this period. It has outperformed its sector by 2.33% today, and the delivery volume has increased by 23.93% compared to the 5-day average, indicating rising investor participation. However, the stock's year-to-date performance remains negative at -14.00%, and it has declined by 27.94% over the past year, suggesting underlying challenges despite recent gains.
In the broader market context, the Sensex has shown a decline of 0.34% over the past week, while Manaksia's stock has increased by 0.96%, indicating a relative strength against the benchmark. Over the last month, the stock has also performed slightly better than the Sensex, which has risen by 0.98%. Despite these short-term gains, the stock's longer-term performance remains weak compared to the benchmark, which has increased by 5.07% year-to-date and 41.31% over three years. This contrast highlights that while Manaksia is experiencing a temporary uptick, it still faces significant challenges in the broader market landscape.