Why is MCON Rasayan falling/rising?

As of 17-Jul, MCON Rasayan India Ltd's stock price is currently at 105.70, reflecting an increase of 4.65 or 4.6%. The stock has shown a performance today that outperformed its sector by 4.22%. However, while it is currently higher than its 5-day moving averages, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 44.44% against the 5-day average. In terms of returns, the stock has experienced a 2.62% increase over the past week, but it has seen a significant decline of 49.67% year-to-date and 44.67% over the past year, indicating a challenging longer-term performance.
In the broader market context, the Sensex has shown a decline of 0.96% over the past week, while MCON Rasayan's short-term performance has been positive in comparison. Despite this recent uptick, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 6.20% during the same period. This contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence, especially given its substantial losses over the longer term.