Why is MCON Rasayan falling/rising?

As of 23-Oct, MCON Rasayan India Ltd's stock price is currently at 73.40, reflecting an increase of 3.45, or 4.93%. The stock has shown strong performance in the short term, with a 1-week return of +21.32%, significantly outperforming the Sensex, which increased by only +1.20%. However, despite today's positive movement, the stock's year-to-date performance remains poor at -65.05%, indicating a long-term decline. The stock is currently trading above its 5-day and 20-day moving averages, but it is below its longer-term moving averages (50-day, 100-day, and 200-day). Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 68.75% against the 5-day average, which could suggest a lack of sustained interest despite the recent price increase.
Broader market context shows that while MCON Rasayan has outperformed the sector today, its overall performance over the past year is still significantly negative at -51.07%, compared to the Sensex's +5.96%. This stark contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence. The liquidity of the stock appears adequate for trading, as it is based on 2% of the 5-day average traded value. However, the lack of available positive or negative dashboard data limits the understanding of specific catalysts driving the stock's recent rise.