Why is Nitco falling/rising?

As of 07-Aug, Nitco Ltd's stock price is currently at 124.00, reflecting a slight increase of 0.4 (0.32%). The stock has recently experienced a trend reversal, gaining after five consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has underperformed its sector by 1.96%, and its delivery volume has decreased by 26.04% compared to the 5-day average, suggesting a decline in investor participation. In terms of returns, Nitco has seen a significant drop of 19.27% over the past month, while it has performed well over the longer term, with a 65.84% increase over the past year and an impressive 411.34% rise over three years.
In the broader market context, the Sensex has declined by 0.69% over the past week, which indicates that while Nitco has underperformed relative to the benchmark, the overall market has also faced challenges. Year-to-date, Nitco's performance is down 2.02%, contrasting with the Sensex's gain of 3.18%, further highlighting the stock's struggles in the short term. Despite the recent uptick in price, the overall negative sentiment reflected in the stock's performance metrics and the sector's recent gains of 2.25% suggest that Nitco is still navigating through a challenging period.