Why is Shigan Quantum falling/rising?

As of 24-Sep, Shigan Quantum Technologies Ltd's stock price is currently at 70.50, reflecting an increase of 1.5, or 2.17%. The stock has shown a performance today that outperformed its sector by 2.47%. However, it is important to note that while the stock is higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decline in investor participation, with delivery volume falling by 7.41% against the 5-day average. Over the past week, the stock has gained 9.30%, contrasting with a decline of 3.95% over the past month and a significant drop of 37.61% year-to-date.
In the broader market context, the Sensex has experienced a decline of 1.08% over the past week, indicating that Shigan Quantum's recent rise is notable against a backdrop of broader market weakness. While the stock has outperformed the sector recently, its longer-term performance remains concerning, with a year-to-date decline of 37.61% compared to a 5.97% increase in the Sensex. This suggests that despite the recent uptick, the stock is still facing significant challenges in the longer term, as evidenced by its substantial losses over the past year and three years.