Why is Nakoda Group falling/rising?

As of 20-Oct, Nakoda Group of Industries Ltd is experiencing a price increase, currently at 30.40, which reflects a rise of 0.93 or 3.16%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 6.74% during this period. However, despite this short-term gain, the stock has underperformed over longer periods, with year-to-date returns down by 32.76% compared to a 7.97% increase in the benchmark Sensex. Additionally, the stock's delivery volume has significantly decreased, falling by 81.44% against the 5-day average, indicating a decline in investor participation, which could impact future price movements.
Broader Market Context: In the short term, Nakoda Group's performance has been relatively weak compared to the Sensex, which has gained 2.47% over the past week while Nakoda's stock has declined by 0.46%. This contrast highlights the stock's struggles in the broader market environment, where the benchmark has shown resilience. Overall, while the recent price increase may suggest a temporary recovery, the significant underperformance over the longer term and declining investor participation could pose challenges for sustained growth.