Why is Rishi Techtex falling/rising?

As of 04-Nov, Rishi Techtex Ltd's stock price is currently at Rs 45.29, reflecting an increase of Rs 1.64, or 3.76%. The stock has shown a positive performance today, outperforming its sector by 4.55% and has been on a consecutive gain for the last two days, accumulating a total return of 7.68% during this period. The stock opened with a significant gain of 4.93% today and reached an intraday high of Rs 45.8. However, it is important to note that while the stock is currently above its 5-day moving average, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 78.41% compared to the 5-day average, which could indicate a lack of sustained interest from investors.
Broader market context shows that Rishi Techtex has outperformed the Sensex in the short term, with a 1-week return of +5.42% compared to the benchmark's -1.38%. However, over the longer term, the stock has underperformed, with a year-to-date decline of -17.58% against the Sensex's gain of +6.81%. This contrast highlights the stock's recent positive momentum despite its overall negative performance in the longer time frames. The lack of available positive or negative factors in the dashboard limits a deeper analysis of the underlying reasons for the stock's movement, but the current upward trend suggests a short-term recovery phase amidst broader challenges.