Why is Raaj Medisafe falling/rising?

As of 10-Oct, Raaj Medisafe India Ltd is experiencing a price increase, with the current price at Rs 77.39, reflecting a rise of 3.39 (4.58%). The stock has shown a positive trend recently, gaining 6.45% over the last two days and outperforming its sector by 5.02%. However, it opened the day with a loss of 4.99% and has traded in a wide range of Rs 7.09, indicating some volatility. Despite the recent gains, the stock's performance over the past month shows a decline of 11.05%, and it has fallen 6.76% year-to-date. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 64.71% against the 5-day average, which may impact future price movements.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.59% over the past week, Raaj Medisafe's stock has outperformed with a return of 11.77% in the same period. However, the stock's longer-term performance remains concerning, with a year-to-date decline of 6.76% compared to the Sensex's gain of 5.58%. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence despite recent short-term gains.