Why is Saakshi Medtech falling/rising?

As of 16-Jun, Saakshi Medtech & Panels Ltd is experiencing a price increase, with its current price at 174.10, reflecting a rise of 4.55 or 2.68%. The stock has shown strong performance in the short term, with a 5.45% increase over the past week and a notable 20.07% increase over the past month, significantly outperforming the Sensex, which has seen declines of 0.62% and 0.29% respectively during the same periods. However, the stock's year-to-date performance remains negative at -20.86%, indicating a longer-term struggle. Additionally, while the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it is still below its 200-day moving average, suggesting mixed signals regarding its overall trend. There is a noted decline in investor participation, with delivery volume dropping by 63.1% against the 5-day average, which could indicate waning interest despite the recent price increase.
In the broader market context, Saakshi Medtech's recent performance contrasts sharply with the benchmark Sensex, which has gained 5.51% year-to-date. The stock's ability to outperform the sector today by 1.46% suggests a temporary positive sentiment among investors, although the significant drop in delivery volume raises concerns about sustainability. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, while the stock is currently rising, the long-term negative trends and declining investor participation may pose challenges for its future performance.