Why is Minaxi Textiles falling/rising?

As of 17-Oct, Minaxi Textiles Ltd is experiencing a rise in its stock price, currently at 1.89, with a change of 0.18, representing a 10.53% increase. The stock has shown a performance today that outperformed its sector by 11.51%, indicating a positive shift after two consecutive days of decline. Despite this recent uptick, the stock's year-to-date performance remains negative at -16.00%, and it has underperformed the benchmark Sensex over various periods, including a -3.08% return over the last month. Additionally, the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Notably, there has been a significant drop in investor participation, with delivery volume falling by 79.66% against the 5-day average, which may indicate a lack of sustained interest.
In the broader market context, Minaxi Textiles' short-term return of +5.59% over the past week has outperformed the Sensex, which only gained +1.76% in the same period. However, the stock's longer-term performance is concerning, as it has declined by -16.00% year-to-date compared to the Sensex's +7.44%. This contrast highlights the stock's volatility and the challenges it faces in maintaining investor confidence amidst fluctuating participation levels. Overall, while the recent price increase is a positive sign, the underlying trends and investor behavior suggest caution moving forward.