Why is Raj Television falling/rising?

As of 08-Aug, Raj Television Network Ltd's stock price is currently at Rs 43.45, reflecting an increase of Rs 1.2 or 2.84%. The stock has shown a positive performance today, outperforming its sector by 4.01%. However, it is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downtrend. The stock is also close to its 52-week low, just 3.57% away from Rs 41.9. Despite these challenges, there has been a rise in investor participation, with delivery volume increasing by 15.85% against the 5-day average, suggesting a potential shift in market sentiment.
In the broader market context, Raj Television's short-term return over the past week is +3.35%, contrasting with the Sensex, which has declined by 0.92%. This indicates that the stock is performing better than the overall market in the short term. However, when looking at the longer-term performance, the stock has underperformed the benchmark over the past month and year, with returns of -4.48% and -23.79%, respectively, compared to the Sensex's -4.60% and +1.23%. This mixed performance highlights the stock's volatility and the challenges it faces in regaining investor confidence amidst a generally improving market backdrop.