Why is Shri Balaji falling/rising?

As of 30-Jul, Shri Balaji Valve Components Ltd is experiencing a price increase, currently at Rs 116.05, reflecting a rise of 5.5 (4.98%). The stock has shown a trend reversal, gaining after seven consecutive days of decline. It opened with a gain of 4.48% today and reached an intraday high of Rs 116.05. Despite this positive movement, the stock has underperformed over the past week and month, with declines of 8.91% and 7.90%, respectively. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 191.67% compared to the 5-day average, indicating renewed interest in the stock.
In the broader market context, while the Sensex has declined by 1.50% over the past week and 2.54% over the past month, Shri Balaji's recent performance has outpaced the sector by 4.29% today. Year-to-date, the stock has suffered a substantial decline of 27.47%, contrasting sharply with the Sensex's gain of 4.28%. This suggests that while the stock is currently experiencing a short-term recovery, it has faced significant challenges over a longer period, highlighting a complex relationship with broader market trends.