Why is Rasi Electrodes falling/rising?

As of 08-Aug, Rasi Electrodes Ltd is experiencing a price increase, currently at Rs 19.96, reflecting a rise of Rs 1.83 or 10.09%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 11.12% and reached an intraday high of Rs 20.5, marking a significant increase of 13.07%. Despite this positive movement, the stock has shown high volatility today with an intraday volatility of 6.49%. Additionally, while the stock has performed well in the short term with a 7.31% gain over the past week, it has seen a decline of 1.43% over the past month and a substantial drop of 33.58% year-to-date. The delivery volume has decreased significantly, falling by 46.87% against the 5-day average, indicating a potential decline in investor participation.
In the broader market context, Rasi Electrodes has outperformed the Sensex, which has declined by 0.92% over the past week. This contrast highlights the stock's relative strength in a weak market environment. However, the stock's year-to-date performance remains concerning, with a decline of 33.58% compared to a modest gain of 2.20% for the Sensex. The liquidity of the stock appears adequate for trading, but the falling investor participation could pose challenges for sustained price increases in the future. Overall, while the stock is currently rising, the broader trends and declining participation suggest caution moving forward.