Why is Patspin India falling/rising?

As of 16-Oct, Patspin India Ltd's stock price is currently at 9.64, reflecting an increase of 0.29 or 3.1%. The stock has been gaining momentum, having risen 9.67% over the last two days, and it has outperformed its sector by 0.91%. In terms of returns, the stock has shown a strong performance over the past week with an increase of 8.44%, although it has experienced a decline of 4.55% over the past month and a significant drop of 25.27% year-to-date. The stock's moving averages indicate that it is currently higher than the 5-day and 20-day averages but lower than the longer-term averages, suggesting a mixed technical outlook. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 174.08% compared to the 5-day average, indicating growing interest in the stock.
In the broader market context, the Sensex has gained 1.58% over the past week, which highlights that Patspin India has significantly outperformed the benchmark during this period. However, the stock's longer-term performance remains concerning, with declines of 4.55% over the past month and 25.27% year-to-date, contrasting with the Sensex's positive return of 6.82% year-to-date. The textile sector, in which Patspin operates, has also seen gains of 2.18%, contributing to the stock's recent upward movement. Overall, while there are positive signs in the short term, the stock's long-term performance remains under pressure, reflecting a complex interplay of factors influencing its price.