Why is Mewar Hi-Tech falling/rising?

As of 23-Oct, Mewar Hi-Tech Engineering Ltd's stock price is currently at Rs. 57.99, reflecting an increase of Rs. 1.94, or 3.46%. The stock has shown a trend reversal today, gaining after six consecutive days of decline. It opened with a 5% gain and reached an intraday high of Rs. 58.85, although it also hit a new 52-week low of Rs. 54 earlier in the day. Despite this positive movement, the stock has underperformed significantly over the past week and month, with returns of -6.59% and -22.68%, respectively. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 33.33% against the five-day average, indicating a potential lack of confidence among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.30% over the past week and 2.99% over the past month, Mewar Hi-Tech's recent performance has been considerably weaker. The stock's year-to-date decline of 29.86% starkly contrasts with the Sensex's positive return of 8.21%. This disparity highlights the challenges faced by Mewar Hi-Tech in the current market environment, despite today's positive price movement. The stock's liquidity remains adequate for trading, but the erratic trading patterns and lower moving averages suggest ongoing volatility and uncertainty in its performance relative to broader market trends.