Why is Sahaj Fashions falling/rising?

As of 06-Aug, Sahaj Fashions Ltd is experiencing a price increase, currently at 9.65, reflecting a change of 0.45 or 4.89% upward. The stock has shown a strong performance today, outperforming its sector by 0.84%. In terms of returns, over the past week, the stock has increased by 9.66%, contrasting with a decline of 1.13% in the Sensex. However, it is important to note that the stock is still below its 50-day, 100-day, and 200-day moving averages, indicating that while there is a short-term rise, it may not be sustainable in the long term. Additionally, there has been a decline in investor participation, with delivery volume dropping by 9.09% compared to the 5-day average, which could suggest a lack of confidence among investors.
Broader Market Context: In the broader market context, the stock's short-term performance over the past week has significantly outperformed the Sensex, which has declined. However, looking at the longer-term picture, the stock has underperformed the benchmark over the past month, year-to-date, and year, with declines of 4.93%, 30.58%, and 51.99% respectively, compared to the Sensex's positive returns. This indicates that while there may be a temporary uptick in the stock price, the overall trend remains negative when viewed over a longer time frame.