Why is Saakshi Medtech falling/rising?

As of 11-Sep, Saakshi Medtech & Panels Ltd is experiencing a price increase, with the current price at 189.00, reflecting a rise of 7.65 or 4.22%. The stock has shown strong performance today, outperforming its sector by 2.44%, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this positive movement, the stock has underperformed against the benchmark over the last three years, with a significant decline of 22.22% in the past year. The majority shareholders being promoters is a positive factor, but the recent drop in delivery volume by 1.9% against the 5-day average indicates a potential decrease in investor participation.
In the broader market context, Saakshi Medtech's short-term return of 11.83% over the past week significantly outpaces the Sensex's return of 1.10%. While the stock has shown a positive trend in the short term, its year-to-date performance remains concerning with a decline of 14.09%, contrasting with the Sensex's gain of 5.75%. This disparity highlights the stock's ongoing struggle to align with broader market trends, despite recent gains.