Why is Resgen falling/rising?

As of 24-Oct, Resgen Ltd's stock price is currently at 84.00, reflecting an increase of 4.78, or 6.03%. The stock has shown a positive performance today, outperforming its sector by 6.04% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 88, marking an 11.08% increase. Despite this positive movement, the stock has experienced a decline of 5.34% over the past month and a significant drop of 28.17% year-to-date. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 54.02% compared to the five-day average, indicating potential concerns among investors. Unfortunately, the positive and negative factors dashboard is not available for further insights.
Broader Market Context: In the short term, Resgen's stock has outperformed the benchmark Sensex, which has only increased by 0.31% over the past week, while Resgen has gained 6.73%. However, the stock's longer-term performance remains concerning, with a year-to-date decline of 28.17% compared to the Sensex's rise of 7.77%. This disparity highlights the challenges Resgen faces in regaining investor confidence, especially given its high volatility today and the mixed signals from its moving averages.