Why is OnMobile Global falling/rising?

As of 15-Oct, OnMobile Global Ltd's stock price is currently at Rs 71.64, reflecting an increase of Rs 2.51 or 3.63%. The stock has shown a positive trend today, gaining after two consecutive days of decline. It outperformed its sector by 3.21% and reached an intraday high of Rs 72.67, which is a 5.12% increase. However, the delivery volume has decreased by 26.55% compared to the 5-day average, indicating a decline in investor participation. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend in the short term. The performance over the past month shows a significant increase of 31.89%, while the year-to-date return is 7.37%, both outperforming the Sensex.
In the broader market context, OnMobile Global's short-term performance has been notably stronger than the benchmark, with a 1-week return of 4.10% compared to the Sensex's 1.02%. This indicates that the stock is gaining traction relative to the overall market. However, over the longer term, the stock has underperformed, with a 1-year decline of 15.50% against a slight increase in the Sensex of 0.96%. The liquidity of the stock remains adequate for trading, which may support its price movements in the near term. Overall, while there are positive indicators in the short term, the decline in investor participation could pose challenges for sustained growth.