Why is Sanmit Infra falling/rising?

As of 20-Aug, Sanmit Infra Ltd's stock price is currently at 9.52, reflecting an increase of 0.07 or 0.74%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.06% during this period. However, despite this short-term gain, the stock has underperformed significantly over longer periods, with a year-to-date decline of 26.77% and a staggering 79.89% drop over the last three years. Additionally, the stock's delivery volume has decreased by 33.02% compared to the five-day average, indicating falling investor participation, which could be a concern for future price stability.
Broader Market Context: In the short term, Sanmit Infra has outperformed the Sensex by 0.55% today, while the benchmark index has shown a modest gain of 1.64% over the past week. Despite this recent outperformance, the stock's longer-term performance remains concerning, with a one-month decline of 10.27% compared to a slight increase of 0.12% in the Sensex. This contrast highlights the challenges Sanmit Infra faces in regaining investor confidence, especially given its substantial losses over the past year and beyond, which may overshadow its recent positive price movement.