Why is Shree Marutinand falling/rising?

As of 17-Jun, Shree Marutinandan Tubes Ltd's stock price is currently at 106.49, reflecting an increase of 2.08, or 1.99%. The stock has shown a strong performance in the short term, with a 6.10% increase over the past week and a remarkable 41.18% rise over the past month, significantly outperforming the Sensex, which has declined by 0.98% and 0.91% in the same periods, respectively. However, the stock has experienced erratic trading, not trading on three days out of the last twenty, and has seen a substantial drop in delivery volume, falling by 76.19% against the five-day average. The stock's current price is above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.
In the broader market context, while Shree Marutinandan Tubes Ltd has shown positive short-term returns, it has struggled significantly year-to-date, with a decline of 40.46%, contrasting sharply with the Sensex's gain of 4.41%. This indicates that despite recent gains, the stock has not recovered from its previous losses. The liquidity of the stock is adequate for trading, as it is based on 2% of the five-day average traded value. Overall, the stock's recent upward movement appears to be driven by short-term trading dynamics rather than a fundamental recovery, as indicated by the significant year-to-date decline and falling investor participation.