Why is Manomay Tex Indi falling/rising?

As of 07-Aug, Manomay Tex India Ltd is experiencing a price increase, currently at Rs 160.10, reflecting a rise of Rs 1.85 or 1.17%. The stock has shown a positive performance today, outperforming its sector by 2.52% and reaching an intraday high of Rs 161.5, which is a 2.05% increase. However, it is important to note that the stock is trading below 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 37.63% compared to the 5-day average. The stock's year-to-date performance shows a significant decline of 30.15%, and over the past year, it has decreased by 47.14%, indicating a challenging period despite its recent uptick.
In the broader market context, the stock's short-term return over the past week is -1.84%, which contrasts with the benchmark Sensex's decline of only -0.69%. This suggests that while the stock has seen a slight rise today, it has been underperforming relative to the broader market trends in the short term. The year-to-date performance of Manomay Tex India Ltd is significantly worse than the Sensex, which has gained 3.18% during the same period. This context highlights the stock's volatility and the challenges it faces in regaining investor confidence despite today's positive movement.