Why is Photoquip India falling/rising?

As of 27-Oct, Photoquip India Ltd's stock price is currently at 15.98, reflecting an increase of 0.99 or 6.6%. The stock has shown a trend reversal by gaining after two consecutive days of decline. It has outperformed its sector by 5.99% today. However, despite this positive movement, the stock's year-to-date performance remains significantly negative at -29.91%. The stock's delivery volume has decreased by 70.08% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock is currently above its 5-day and 20-day moving averages, it remains below its longer-term moving averages, suggesting mixed signals about its momentum.
In the broader market context, Photoquip India's short-term return of +6.53% over the past week significantly outpaces the Sensex, which has only gained +0.49% in the same period. However, the stock's longer-term performance is concerning, as it has underperformed the benchmark over the past month, year-to-date, and year, with declines of -0.50%, -29.91%, and -28.98%, respectively. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence amidst broader market trends.