Why is Shiv Texchem falling/rising?

As of 03-Nov, Shiv Texchem Ltd is experiencing a price increase, currently at Rs 167.75, reflecting a rise of Rs 15.25 or 10.0%. The stock opened with a gain of 3.28% today and reached an intraday high of Rs 167.75, outperforming its sector by 8.76%. However, despite this positive movement, the stock has shown a significant decline over the past month, down 38.10%, and a year-to-date drop of 48.70%. Additionally, there has been a decrease in investor participation, with delivery volume falling by 15.38% against the five-day average, indicating a potential concern about sustained interest in the stock.
Broader Market Context: In the short term, Shiv Texchem's performance contrasts sharply with the benchmark Sensex, which has seen a decline of 0.94% over the past week while the stock itself has gained 5.14%. This suggests that while the stock is currently rising, it has struggled significantly over longer periods, with a year-over-year decline of 49.74% compared to the Sensex's gain of 5.34%. The broader market context indicates that despite today's positive movement, the stock's overall trend remains negative, highlighting the challenges it faces in regaining investor confidence.