Why is Manugraph India falling/rising?

As of 06-Aug, Manugraph India Ltd's stock price is currently at 19.44, reflecting an increase of 0.89 or 4.8%. The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this positive movement today, the stock has underperformed in the longer term, with a year-to-date decline of 9.16% compared to a 3.08% increase in the Sensex. Additionally, the stock's performance today has outperformed its sector by 6.62%. However, there is a noted decrease in investor participation, with delivery volume falling by 1.86% against the 5-day average, which may indicate a lack of sustained interest.
In the broader market context, the stock's short-term return over the past week is a positive 0.99%, while the Sensex has declined by 1.15% during the same period. This suggests that Manugraph India is performing relatively well compared to the overall market. However, looking at the longer-term performance, the stock has seen a decline of 6.67% over the past month, while the Sensex has decreased by 3.46%. This indicates that while there may be short-term gains, the stock's overall trend remains negative in the longer term, reflecting broader market challenges.