Why is Raj Oil Mills falling/rising?

As of 10-Oct, Raj Oil Mills Ltd's stock price is currently at 54.06, reflecting an increase of 1.79, or 3.42%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It reached an intraday high of Rs 57.06, marking a 9.16% increase, while the day's low was Rs 51.04, a decrease of 2.35%. Despite this positive movement, the stock underperformed its sector by 1.2%. Over the past week, the stock has risen by 6.00%, and over the past month, it has increased by 12.16%, indicating a strong short-term performance compared to the benchmark Sensex, which rose by only 1.59% and 1.32% respectively. However, the stock's performance year-to-date is lower than that of the Sensex, with a return of 3.96% compared to the benchmark's 5.58%.
In the broader market context, while the stock has shown positive short-term returns, it has been trading below its 5-day moving average and has experienced a significant drop in investor participation, with delivery volume falling by 71.87% against the 5-day average. This decline in participation may indicate reduced investor confidence, despite the stock's recent gains. The solvent extraction sector, however, has gained by 4.58%, which may provide some support to Raj Oil Mills. Overall, while the stock is rising today, the combination of falling investor participation and underperformance against its sector suggests caution moving forward.