Why is Mercury EV-Tech falling/rising?

As of 18-Nov, Mercury EV-Tech Ltd is experiencing a slight increase in its stock price, currently at Rs 38.52, reflecting a change of 0.08 or 0.21% upward. Despite this minor uptick, the stock has shown significant declines over the past week, month, and year, with losses of 7.74%, 14.42%, and 61.86% respectively. The stock is currently trading close to its 52-week low, just 1.95% above Rs 37.77. However, there has been a notable increase in investor participation, with delivery volume rising by 723.94% compared to the 5-day average, indicating a potential shift in market sentiment. Unfortunately, the Positive and Negative Dashboard data is not available to provide further insights into the factors influencing this movement.
In the broader market context, while Mercury EV-Tech has outperformed its sector by 0.77% today, it has significantly underperformed the benchmark Sensex over various time frames, including a year-to-date decline of 57.22% compared to the Sensex's gain of 8.36%. This stark contrast highlights the challenges faced by Mercury EV-Tech in the current market environment. The stock's performance is also below all key moving averages, suggesting a bearish trend, which may be contributing to investor caution despite the recent increase in trading volume.