Why is Senco Gold falling/rising?

As of 04-Aug, Senco Gold Ltd's stock price is currently at Rs 329.90, reflecting an increase of Rs 15.6 or 4.96%. The stock has been gaining for the last three days, resulting in a total return of 7.25% during this period. Despite this recent uptick, the stock has underperformed over the past week and month, with declines of 2.58% and 5.88%, respectively. The company has reported positive results after two consecutive negative quarters, with net sales growing at an annual rate of 22.74% and operating profit reaching its highest level at Rs 127.01 crore. However, the stock's long-term performance remains concerning, with a year-to-date decline of 38.68% and a return of -33.33% over the past year, indicating that while there are positive developments, the overall trend has been negative.
In the broader market context, Senco Gold's recent performance contrasts with the Sensex, which has shown a slight increase of 0.16% over the past week and a gain of 3.69% year-to-date. This suggests that while Senco Gold has experienced a short-term rebound, it still lags behind the benchmark in terms of overall performance. Additionally, the stock's liquidity appears adequate, but there has been a notable decline in investor participation, with delivery volume falling by 35.98% against the five-day average. This decline in participation could indicate a lack of confidence among investors, despite the company's healthy long-term growth prospects and attractive valuation compared to peers.