Why is Senco Gold falling/rising?

As of 31-Jul, Senco Gold Ltd's stock price is currently at Rs 313.00, reflecting an increase of Rs 5.4 or 1.76%. The stock has shown a trend reversal today, gaining after nine consecutive days of decline, despite opening with a loss of 3.02%. It reached an intraday high of Rs 316, indicating some recovery within the trading day. However, the stock is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of performance, Senco Gold has underperformed the Sensex over the past week and month, with returns of -9.54% and -8.25%, respectively. Despite these challenges, the company has reported positive results after two negative quarters, with significant growth in net sales and operating profit, suggesting a potential for long-term growth.
In the broader market context, Senco Gold's recent performance contrasts with the Sensex, which has seen a decline of only 1.22% over the past week and 3.00% over the past month. This indicates that while Senco Gold is experiencing a short-term recovery, it has been lagging behind the benchmark in terms of overall performance. The rising investor participation, with a significant increase in delivery volume, suggests growing interest in the stock, which may be contributing to its current upward movement. However, the stock's year-to-date performance remains concerning, with a decline of 41.82%, highlighting the challenges it faces in regaining investor confidence amidst a generally positive market backdrop.