Why is Nexxus Petro falling/rising?

As of 05-Jun, Nexxus Petro Industries Ltd is currently priced at 110.00, with no change in price (0.00%). The stock has shown a trend reversal today, gaining after five consecutive days of decline, and it opened with a gain of 3.77%. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 12.14%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 118.75% against the 5-day average, suggesting renewed interest among investors.
In the broader market context, Nexxus Petro's recent performance contrasts sharply with the benchmark Sensex, which has gained 4.23% year-to-date. Over the past week, Nexxus Petro has declined by 5.98%, while the Sensex has only fallen by 0.23%, indicating that the stock is underperforming relative to the market. This divergence highlights the challenges Nexxus Petro faces in regaining investor confidence, despite today's positive price movement. Overall, while there are signs of a potential recovery, the stock's longer-term performance remains concerning compared to the broader market trends.