Why is Porwal Auto Comp falling/rising?

As of 19-Jun, Porwal Auto Components Ltd is experiencing a price increase, currently at Rs 50.00, reflecting a rise of Rs 1.5 or 3.09%. The stock has shown positive momentum, gaining 4.17% over the last two days and outperforming its sector by 4.61% today. Additionally, the stock has performed well over the past week and month, with returns of +4.01% and +12.11%, respectively. However, it is important to note that the stock's year-to-date performance is down by 12.43%, and it has seen a significant decline of 34.58% over the past year. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. There is a notable decrease in investor participation, with delivery volume falling by 47.38% compared to the 5-day average, which may indicate a lack of confidence among investors.
In the broader market context, Porwal Auto Components Ltd has outperformed the Sensex in the short term, as the benchmark index has declined by 0.40% over the past week and 0.85% over the past month. While the stock is currently on an upward trajectory, its year-to-date performance contrasts sharply with the Sensex, which has gained 4.12% during the same period. This divergence suggests that while the stock is experiencing a short-term rally, it has struggled significantly over the longer term compared to the overall market. The liquidity of the stock remains adequate for trading, but the falling delivery volume could be a concern for sustained upward movement.