Why is Polo Queen Ind. falling/rising?

As of 06-Nov, Polo Queen Industrial and Fintech Ltd is experiencing a price increase, with its current price at 37.97, reflecting a change of 0.51 or 1.36% upward. The stock has shown a positive trend recently, gaining for the last two consecutive days and achieving a total return of 5.18% during this period. Despite this short-term gain, the stock has underperformed over longer periods, with a year-to-date decline of 72.98% and a 1-year return of -16.00%. The stock is currently trading below its moving averages across various time frames, indicating a potential struggle to maintain upward momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 21.34% against the 5-day average, suggesting growing interest in the stock.
In the broader market context, Polo Queen's recent performance contrasts with the benchmark Sensex, which has shown a decline of only 1.30% over the past week while the stock itself has dropped by 4.84%. This indicates that while the stock is currently rising, it has been underperforming relative to the market in the short term. Furthermore, the stock's long-term performance remains concerning, with significant declines over the past year and three years compared to the Sensex's positive returns during those periods. Overall, while the recent gains may reflect a temporary rebound, the stock's long-term trajectory and its performance relative to the benchmark suggest ongoing challenges.