Why is New Light Indust falling/rising?

As of 31-Oct, New Light Industries Ltd's stock price is currently at 1.92, reflecting an increase of 0.09 or 4.92%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 19.25% during this period. Additionally, the stock has outperformed its sector by 5.97% today. Over the past week, it has shown a significant return of 13.61%, while its one-month performance stands at 28.00%. However, despite these positive movements, there has been a notable decline in investor participation, with delivery volume dropping by 60.43% compared to the five-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, while New Light Industries Ltd has outperformed the Sensex in the short term, the benchmark index has shown a modest decline of 0.32% over the past week. This suggests that the stock's recent gains are occurring in a relatively weak market environment. The stock's performance is also contrasted by its long-term returns, where it has underperformed significantly over the past year, down 81.47%, while the Sensex has risen by 5.73%. The moving averages indicate that the stock is currently above the shorter-term averages but below the 200-day average, which may reflect a mixed sentiment among investors regarding its future potential.