Why is Purple Finance falling/rising?

As of 31-Oct, Purple Finance Ltd's stock price is currently at 40.99, reflecting a slight increase of 0.06 or 0.15%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 0.88%. Over the past week, the stock has risen by 6.97%, while it has increased by 14.21% over the past month. However, it is important to note that the stock is still down 39.20% year-to-date and 14.46% over the past year. The stock's moving averages indicate that it is performing better than the 5-day, 20-day, 50-day, and 100-day averages, but it remains below the 200-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 59.29% compared to the 5-day average, which may indicate a lack of confidence among investors.
In the broader market context, the Sensex has experienced a slight decline of 0.32% over the past week, while Purple Finance's strong performance of 6.97% in the same period highlights its relative strength against the benchmark. Despite the stock's recent gains, its year-to-date performance remains significantly lower than the Sensex's 7.42% increase. This discrepancy suggests that while Purple Finance is showing some positive short-term momentum, it is still struggling to recover from its substantial losses over the longer term. The lack of available positive or negative dashboard data limits further insights into specific factors influencing investor sentiment.