Why is Nivaka Fashions falling/rising?

As of 17-Nov, Nivaka Fashions Ltd's stock price is currently at 3.99, reflecting an increase of 0.07 or 1.79%. The stock has been gaining momentum, having risen consecutively for the last three days, resulting in a total return of 10.53% during this period. Despite this positive trend, the stock has underperformed the benchmark Sensex over the past week, with a decline of 0.25% compared to the Sensex's increase of 1.69%. Additionally, while the stock's performance over the last month shows a significant gain of 18.40%, it has seen a notable decrease in investor participation, with delivery volume falling by 17.77% against the five-day average.
Broader Market Context: In the context of the broader market, Nivaka Fashions' recent performance contrasts with the Sensex, which has shown a positive return of 1.69% over the past week. The stock's year-to-date return of 7.26% is slightly below the Sensex's 8.72%, indicating that while the stock has had some positive movements, it is still lagging behind the overall market performance. The liquidity of the stock remains adequate for trading, but the declining investor participation may raise concerns about sustained interest in the stock moving forward.