Why is Shri Balaji falling/rising?

As of 31-Jul, Shri Balaji Valve Components Ltd is experiencing a price increase, currently at Rs 121.85, which reflects a rise of 5.8 or 5.0%. The stock has shown a positive performance today, outperforming its sector by 5.53% and has been on a consecutive gain for the last two days, accumulating a total return of 10.22%. It opened with a significant gain of 4.65% and reached an intraday high of Rs 121.85. However, despite this positive movement, the stock has seen a decline of 23.84% year-to-date and 51.45% over the past year, indicating a challenging longer-term performance. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 60% compared to the 5-day average.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by only 1.22% over the past week and has a year-to-date increase of 3.90%. This suggests that while Shri Balaji is currently experiencing a short-term rebound, it has struggled significantly in the longer term compared to the overall market. The stock's performance over the past month and year highlights a stark underperformance relative to the benchmark, which may influence investor sentiment moving forward.