Why is Minaxi Textiles falling/rising?

As of 11-Nov, Minaxi Textiles Ltd is experiencing a price increase, currently at 1.79, which reflects a rise of 0.09 or 5.29%. The stock has shown strong performance today, outperforming its sector by 4.47% and has been on a consecutive gain streak for the last three days, accumulating a total return of 25.17% during this period. However, despite this positive momentum, the stock's year-to-date performance remains negative at -20.44%, and it has underperformed against the benchmark Sensex over the past month, which has increased by 1.66%. Additionally, there has been a decline in investor participation, with delivery volume falling by 8.76% compared to the five-day average, indicating potential caution among investors.
Broader Market Context: In the short term, Minaxi Textiles has outperformed the Sensex over the past week, with a return of +0.56% compared to the benchmark's +0.49%. However, the stock's longer-term performance remains concerning, as it has significantly lagged behind the Sensex over the past year and three years. The stock's moving averages indicate that while it is currently above the 5-day and 20-day averages, it remains below the longer-term averages, suggesting mixed signals regarding its trend. Overall, while the recent gains are encouraging, the broader market context and declining investor participation may temper optimism about sustained growth.