Why is Rasandik Engg. falling/rising?

As of 06-Aug, Rasandik Engineering Industries India Ltd is currently priced at 95.00, reflecting an increase of 2.63 (2.85%). The stock opened the day with a loss of 2.57% but managed to reach an intraday high of Rs 95, indicating a recovery during the trading session. Over the past week, the stock has shown a return of +2.88%, outperforming the Sensex, which declined by 1.15%. However, the stock's year-to-date performance remains negative at -21.65%, contrasting with the Sensex's positive return of +3.08%. The stock has also seen a rise in investor participation, with delivery volume increasing by 7.89% against the 5-day average, suggesting growing interest despite the overall negative trend in the auto ancillary sector, which has fallen by 2.73%.
Broader Market Context: In the short term, Rasandik Engineering's performance has been notably better than the benchmark, as evidenced by its positive return over the past week compared to the Sensex's decline. This indicates that the stock is gaining traction among investors despite broader market challenges. However, the stock's longer-term performance remains concerning, with a significant decline of -37.70% over the past year compared to the Sensex's modest gain of +2.48%. The mixed signals from the stock's recent performance and the broader market context highlight a complex situation where short-term gains may not yet translate into a recovery from its longer-term losses.