Why is Revathi Equip falling/rising?

As of 05-Aug, Revathi Equipment India Ltd is experiencing a price increase, currently at Rs 948.65, reflecting a rise of Rs 21.4 or 2.31%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed over the past week and month, with declines of 5.51% and 2.79%, respectively. Notably, the stock touched an intraday high of Rs 948.65 today, while it also reached a low of Rs 892. The trading volume has seen a significant increase, with delivery volume rising by 68.66% against the five-day average, indicating a growing interest among investors. However, the stock is trading below its moving averages across various time frames, which may suggest ongoing bearish sentiment.
In the broader market context, Revathi Equipment's recent performance contrasts with the benchmark Sensex, which has declined by only 0.77% over the past week and 3.26% over the past month. While the stock has outperformed its sector today by 1.81%, its year-to-date performance remains concerning, with a substantial drop of 52.26% compared to the Sensex's gain of 3.29%. This disparity highlights the challenges Revathi Equipment faces in regaining investor confidence, despite today's positive movement. Overall, the stock's recent rise may be attributed to a temporary rebound following prior losses and increased investor participation, but it still grapples with significant underperformance relative to the broader market.