Why is Shiv Texchem falling/rising?

As of 30-Oct, Shiv Texchem Ltd's stock price is currently at 157.85, reflecting an increase of 14.0 or 9.73%. The stock has shown a significant upward movement today, gaining after eight consecutive days of decline. It opened with a gap up of 3.34% and reached an intraday high of Rs 158.2, indicating a positive trend reversal. However, despite today's gains, the stock has underperformed over the past week, down 7.82%, and has seen a substantial decline of 41.61% over the past month. Additionally, the stock is trading below all its moving averages, suggesting ongoing weakness in its performance. There is also a noted decrease in investor participation, with delivery volume falling by 11.76% against the five-day average, which may indicate a lack of confidence among investors.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.18% over the past week, contrasting with Shiv Texchem's significant drop. While the stock has outperformed its sector today by 9.88%, its year-to-date performance remains poor, down 51.73%, compared to the Sensex's gain of 8.02% in the same period. This disparity highlights the stock's volatility and challenges in attracting sustained investor interest, despite today's positive movement. Overall, while today's price action reflects a short-term recovery, the longer-term trends and broader market conditions suggest ongoing challenges for Shiv Texchem Ltd.