Why is Pearl Global Ind falling/rising?

As of 08-Aug, Pearl Global Industries Ltd is experiencing a price increase, currently at Rs 1,317.70, reflecting a rise of Rs 15.75 or 1.21%. The stock has shown a trend reversal, gaining after six consecutive days of decline. Today, it outperformed its sector by 2.65% and reached an intraday high of Rs 1,393, marking a 6.99% increase. However, the stock's performance over the past week has been negative, with a decline of 5.59%, and it has also fallen 12.07% over the past month. Despite this, the stock has had a strong performance over the past year, with a 39.32% increase, and an impressive 506.54% rise over the past three years. Notably, there has been a decrease in investor participation, with delivery volume falling by 32.44% against the five-day average, indicating a potential concern for future trading activity.
In the broader market context, while Pearl Global Industries Ltd has outperformed its sector today, its short-term returns are still lagging behind the benchmark Sensex, which has only declined by 0.92% over the past week. The stock's year-to-date performance is also notably poor at -11.13%, contrasting sharply with the Sensex's positive return of 2.20% in the same period. This divergence suggests that while the stock is currently experiencing a rebound, its overall performance relative to the market has been weak, which may be influencing investor sentiment and participation.