Why is Rico Auto Inds falling/rising?

As of 11-Aug, Rico Auto Industries Ltd is experiencing a price increase, with the current price at 68.17, reflecting a change of 0.76 or 1.13% upward. The stock has shown a trend reversal after four consecutive days of decline, indicating a potential shift in momentum. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 50.42% compared to the 5-day average, which may indicate a lack of confidence among investors. Over the past week, the stock has underperformed the benchmark Sensex, declining by 3.25% compared to the benchmark's 0.51% drop.
In the broader market context, while Rico Auto Industries has faced a notable decline of 12.25% over the past month and 17.57% year-to-date, the Sensex has only decreased by 2.30% and increased by 3.15% year-to-date, highlighting a significant underperformance relative to the market. The stock's performance over the last three years shows a positive return of 41.28%, which is better than the Sensex's 35.85%, indicating that while the stock has had a strong historical performance, recent trends suggest a shift in investor sentiment. Overall, the combination of a recent price increase amidst declining investor participation and the stock's underperformance relative to the benchmark may reflect a complex interplay of market dynamics affecting Rico Auto Industries Ltd.