Why is Riddhi Siddhi Gl falling/rising?

As of 25-Sep, Riddhi Siddhi Gluco Biols Ltd is experiencing a price increase, currently at Rs 562.00, which reflects a change of 3.6 or 0.64% upward. Today, the stock has shown a positive performance by outperforming its sector by 2.77% and has gained after two consecutive days of decline. It opened with a significant gain of 4.57% and reached an intraday high of Rs 584. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 65.95% against the 5-day average, which may suggest reduced confidence among investors.
In the broader market context, Riddhi Siddhi's performance over the past week shows a decline of 3.94%, while the benchmark Sensex has decreased by only 2.23%. Over the last month, the stock has slightly outperformed the benchmark, with a return of 0.17% compared to the Sensex's -0.58%. Year-to-date, however, the stock has underperformed significantly, with a decline of 12.04% against the Sensex's gain of 3.87%. This mixed performance indicates that while there are short-term gains, the stock's longer-term trajectory remains concerning compared to the overall market.