Why is Monotype India falling/rising?

As of 23-Jun, Monotype India Ltd's stock price is currently at 0.79, reflecting an increase of 0.03 or 3.95%. The stock has shown a positive trend today, gaining after two consecutive days of decline. It has outperformed its sector by 3.42%. In terms of returns, the stock has increased by 3.95% over the past week and 5.33% over the past month, while it has experienced a significant decline of 56.83% year-to-date. Despite this recent uptick, the stock's delivery volume has decreased by 22.39% compared to the five-day average, indicating a drop in investor participation. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages but remains below its 100-day and 200-day moving averages.
In the broader market context, Monotype India’s recent performance contrasts with the Sensex, which has only increased by 0.12% over the past week and 0.22% over the past month. This suggests that while the stock is experiencing a short-term recovery, it is still underperforming significantly on a year-to-date basis compared to the benchmark's 4.81% gain. The stock's liquidity remains adequate for trading, but the declining delivery volume may signal caution among investors. Overall, the recent rise in Monotype India's stock price can be attributed to a short-term trend reversal, despite ongoing challenges reflected in its longer-term performance metrics.