Why is Pasari Spinning falling/rising?

As of 08-Aug, Pasari Spinning Mills Ltd is experiencing a price increase, with its current price at 9.34, reflecting a change of 0.14 or 1.52% upward. The stock has shown strong performance recently, outperforming its sector by 2.96% today and achieving a consecutive gain over the last three days, resulting in a total return of 7.6% during this period. Additionally, the stock has performed well over the past week and month, with returns of +5.42% and +13.76%, respectively, while it is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a decline in investor participation, as the delivery volume on 07 Aug fell by 12.83% compared to the 5-day average, indicating a potential concern for future momentum.
In the broader market context, Pasari Spinning's short-term performance contrasts sharply with the benchmark, the Sensex, which has declined by 0.92% over the past week and by 4.60% over the past month. While the stock has shown resilience and positive returns in the short term, it has underperformed on a year-to-date basis with a decline of 6.13%, compared to the Sensex's increase of 2.20%. This suggests that despite recent gains, the stock's long-term performance remains a concern, particularly given its significant drop of 24.49% over the past year.