Why is Modern Threads falling/rising?

As of 08-Oct, Modern Threads (I) Ltd has experienced a price increase, currently standing at Rs 48.50, reflecting a rise of 1.3 or 2.75%. The stock has shown a positive performance today, outperforming its sector by 3.17% and marking its second consecutive day of gains with a total return of 7.78% over this period. It opened with a significant gain of 4.45% and reached an intraday high of Rs 49.3. However, despite these positive movements, the stock has a mixed performance over the longer term, with a 1-month decline of 17.80% and a year-to-date drop of 3.77%. Additionally, there has been a decrease in investor participation, as evidenced by a 19.14% drop in delivery volume compared to the 5-day average, which may indicate some caution among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.98% over the past week, Modern Threads has outperformed with an 8.55% gain in the same timeframe. This suggests that the stock's recent rise is not only a result of its own performance but also reflects a stronger recovery relative to the broader market. However, the stock's longer-term performance remains concerning, with significant declines over the past month and year, contrasting with the Sensex's positive returns. This divergence highlights the stock's volatility and the potential impact of investor sentiment on its price movements.