Why is Rajasthan Gases falling/rising?

As of 12-Nov, Rajasthan Gases Ltd is experiencing a price increase, with its current price at Rs 45.90, reflecting a rise of Rs 2.01 or 4.58%. The stock has shown positive momentum, gaining 8.05% over the last two days and outperforming its sector by 3.86% today. Despite this recent uptick, the stock has had a challenging month, down nearly 10%, and a year-to-date decline of over 29%. The stock's performance is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, there has been a decline in investor participation, with delivery volume falling by nearly 30% compared to the 5-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, Rajasthan Gases has outperformed the Sensex over the past week, with a return of 4.34% compared to the benchmark's 1.21%. However, the stock's longer-term performance shows significant underperformance, with a year-to-date decline of 29.04% against the Sensex's gain of 8.10%. This disparity highlights the stock's volatility and challenges in maintaining investor confidence, despite recent gains. Overall, while the stock is currently rising, its recent history and declining participation suggest caution among investors.