Why is Premium Plast falling/rising?

As of 17-Nov, Premium Plast Ltd is experiencing a price increase, currently at 35.65, reflecting a change of 4.05 or 12.82% upward. The stock has outperformed its sector today by 14.05%, although it is currently above its 5-day and 20-day moving averages but below its longer-term moving averages (50-day, 100-day, and 200-day). Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 6.25% compared to the 5-day average. Year-to-date, the stock is down 17.76%, and over the past year, it has decreased by 12.84%, indicating a challenging longer-term performance.
In the broader market context, the Sensex has shown a modest gain of 1.72% over the past week, while Premium Plast's short-term return of 7.22% over the same period indicates a stronger performance relative to the benchmark. However, the stock's year-to-date decline contrasts sharply with the Sensex's gain of 10.02%, highlighting the stock's struggles in the longer term. Overall, while the recent price increase may suggest a positive short-term sentiment, the underlying trends indicate ongoing challenges for Premium Plast Ltd in the broader market landscape.