Why is Raj Oil Mills falling/rising?

As of 15-Oct, Raj Oil Mills Ltd is experiencing a price increase, currently at Rs 49.70, which reflects a rise of Rs 1.48 or 3.07%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite today's positive movement, the stock has underperformed its sector by 1.37%. Over the past week, Raj Oil Mills has seen a decline of 8.76%, and its year-to-date performance is down by 4.42%. The stock's trading volume has decreased significantly, with a delivery volume drop of 31.31% compared to the 5-day average, indicating falling investor participation. The stock is trading above its 50-day moving average but below the 5-day, 20-day, 100-day, and 200-day moving averages, suggesting mixed signals regarding its momentum.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.02% over the past week and 5.72% year-to-date. This underperformance highlights the challenges faced by Raj Oil Mills in attracting investor interest compared to the overall market. Additionally, the solvent extraction sector has seen gains of 4.43%, indicating that while the sector is performing well, Raj Oil Mills is lagging behind. The combination of a recent uptick in price amidst a backdrop of declining investor participation and significant underperformance relative to both the sector and the benchmark suggests that while there may be short-term gains, the long-term outlook remains uncertain.