Why is Pyramid Technopl falling/rising?

As of 07-Aug, Pyramid Technoplast Ltd's stock price is currently at 161.35, reflecting an increase of 2.35, or 1.48%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. It opened with a significant gap up of 10.06% and reached an intraday high of Rs 175, although it also experienced a low of Rs 149.2, indicating high volatility with an intraday fluctuation of 12.37%. Despite this positive movement today, the stock has underperformed over the past week and month, with returns of -3.30% and -7.80%, respectively, and a year-to-date decline of 22.05%. There is a notable increase in investor participation, with delivery volume rising by 125.65% against the 5-day average, suggesting growing interest despite the overall downward trend in the stock's performance relative to moving averages.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.69% over the past week and a 3.38% drop over the past month, Pyramid Technoplast's recent performance today indicates a temporary rebound amidst a broader context of underperformance. The stock's year-to-date decline of 22.05% starkly contrasts with the Sensex's gain of 3.18%, highlighting the challenges faced by Pyramid Technoplast in the market. The stock's liquidity remains adequate for trading, which may support its recovery efforts, but the overall negative returns over longer periods suggest that investors remain cautious about its future performance.