Why is Manoj Jewellers falling/rising?

As of 28-Oct, Manoj Jewellers Ltd is currently priced at 43.00, reflecting an increase of 0.75 or 1.78%. The stock has shown a trend reversal, gaining after five consecutive days of decline. Despite this recent uptick, the stock has underperformed significantly over the past week and month, with returns of -10.42% and -12.24%, respectively. Additionally, it is trading below all key moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 242.11% against the five-day average, suggesting renewed interest in the stock.
In the broader market context, while Manoj Jewellers has experienced a decline in the short term, the benchmark Sensex has shown a slight positive return of +0.24% over the past week and +5.22% over the past month. This indicates that the stock's recent performance is not aligned with the overall market trend. The liquidity of the stock remains adequate for trading, as it is based on 2% of the five-day average traded value, which supports its ability to attract investors despite its recent struggles.