Why is Natraj Proteins falling/rising?

As of 07-Oct, Natraj Proteins Ltd is experiencing a price increase, currently at Rs 41.81, reflecting a rise of 2.66 or 6.79%. The stock opened with a significant gain of 9.58% today and reached an intraday high of Rs 44, indicating strong positive momentum. Despite this, the stock has shown a year-to-date decline of 6.26% and a one-year drop of 7.13%, suggesting that while there is a short-term uptick, the longer-term performance remains weak. Additionally, the stock has been trading above its moving averages across various time frames, which typically indicates bullish sentiment. However, there has been a notable decrease in investor participation, with delivery volume falling by 40.39% compared to the five-day average, which could temper the stock's upward movement.
In the broader market context, Natraj Proteins' short-term performance over the past week shows a modest gain of 0.26%, which is underperforming compared to the Sensex's increase of 2.07%. This indicates that while the stock is rising today, it is not keeping pace with the overall market trend. The stock's high volatility, with an intraday fluctuation of 5.77%, suggests that investor sentiment may be mixed, contributing to the stock's erratic performance. Overall, while the recent price increase is a positive sign, the broader context of declining participation and underperformance relative to the benchmark raises questions about the sustainability of this upward movement.