Why is Mish Designs falling/rising?

As of 03-Sep, Mish Designs Ltd's stock price is currently at Rs 68.35, reflecting an increase of Rs 3.25, or 4.99%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 15.71% during this period. It opened today with a gain of 4.99%, reaching an intraday high of Rs 68.35. Despite this positive movement, the stock's delivery volume has decreased by 37.5% compared to the five-day average, indicating a decline in investor participation. Additionally, while the stock is performing above its 5-day, 20-day, and 50-day moving averages, it remains below its 100-day and 200-day moving averages, suggesting mixed signals regarding its longer-term performance.
In the broader market context, Mish Designs has significantly outperformed the benchmark Sensex over the past week, with a return of 11.14% compared to the Sensex's decline of 0.27%. However, the stock has struggled year-to-date, showing a substantial decline of 52.89%, while the Sensex has gained 3.11% during the same period. This stark contrast highlights the stock's volatility and potential recovery phase in the short term, despite its long-term challenges. Overall, the recent price increase can be attributed to short-term gains and market sentiment, while the broader context reveals ongoing struggles relative to the benchmark.