Why is Pearl Green Club falling/rising?

As of 15-Sep, Pearl Green Clubs and Resorts Ltd is experiencing a price increase, currently at Rs 147.75, reflecting a rise of 4.85 or 3.39%. The stock has shown positive momentum recently, gaining for the last two days with a total return of 4.45% during this period. It opened today with a gain of 3.39% and reached an intraday high of Rs 147.75. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 13.85% and a one-year drop of 20.01%. Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 76.74% against the five-day average, indicating potential concerns about sustained interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.24% over the past week and 4.67% year-to-date, Pearl Green Clubs and Resorts Ltd's recent performance is relatively weak, as it has declined by 1.63% over the past week and 4.80% over the past month. The stock's current rise appears to be a short-term correction rather than a reversal of its longer-term downtrend, as it continues to lag behind the broader market performance. The liquidity of the stock remains adequate for trading, but the falling delivery volume may suggest caution among investors.