Why is Resgen falling/rising?

As of 15-Sep, Resgen Ltd is experiencing a price increase, currently at Rs 92.00, reflecting a rise of 3.0 points or 3.37%. The stock has shown a positive trend recently, gaining for four consecutive days and achieving a total return of 5.75% during this period. Additionally, it has outperformed its sector by 2.44% today. Despite a year-to-date decline of 21.33% and a significant drop of 37.35% over the past year, the stock's recent performance is bolstered by trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 55.56% against the 5-day average, which could indicate a potential concern for sustained upward momentum.
Broader market context shows that Resgen's short-term performance has been significantly better than the benchmark, with a 1-week return of 4.50% compared to the Sensex's 1.24%. Over the past month, Resgen has achieved a return of 12.61%, while the Sensex has only returned 1.47%. This suggests that, despite the stock's long-term struggles, its recent gains are outpacing the broader market, indicating a possible recovery phase. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, which supports its current upward movement.