Why is Purple Finance falling/rising?

As of 20-Oct, Purple Finance Ltd's stock price is currently at Rs 37.89, reflecting an increase of Rs 2.81 or 8.01%. The stock has shown strong performance today, outperforming its sector by 7.28% and achieving consecutive gains over the last two days, resulting in a total return of 10.6% during this period. Despite this positive movement, the stock has experienced a significant decline year-to-date of 43.80% and a 34.00% drop over the past year. Additionally, while the stock is trading above its 5-day, 20-day, and 50-day moving averages, it remains below its 100-day and 200-day moving averages. Notably, there has been a concerning drop in investor participation, with delivery volume falling by 90.26% against the 5-day average, indicating a potential lack of sustained interest.
Broader market context shows that Purple Finance Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of 11.41% compared to the Sensex's 2.47%. However, the stock's year-to-date performance starkly contrasts with the Sensex's gain of 7.97%, highlighting the challenges faced by Purple Finance in the longer term. The liquidity of the stock appears adequate for trading, as it meets the criteria based on the 5-day average traded value. Overall, while recent gains suggest a positive short-term trend, the significant historical decline and reduced investor participation raise concerns about the stock's ability to maintain this upward momentum.