Why is Pace E-Commerce falling/rising?

As of 31-Jul, Pace E-Commerce Ventures Ltd is experiencing a price increase, with its current price at 22.99, reflecting a change of 0.44 or 1.95% upward. The stock has shown positive momentum, gaining for the last three days and achieving a total return of 2.91% during this period. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 31.78% compared to a 3.90% increase in the benchmark Sensex. Additionally, the stock's delivery volume has decreased significantly, falling by 32.43% against the five-day average, indicating a decline in investor participation.
In the broader market context, while Pace E-Commerce has outperformed its sector by 2.32% today, it has still faced challenges compared to the benchmark, with a one-week return of -0.91% against the Sensex's -1.22%. This suggests that while the stock is currently gaining, it remains under pressure in the longer term, as evidenced by its substantial year-to-date losses. The stock's moving averages indicate that it is performing better than the short-term averages but lags behind the longer-term averages, which may reflect a cautious sentiment among investors. Overall, the combination of recent gains and declining investor participation presents a mixed outlook for the stock.