Why is Solve Plastic falling/rising?

As of 04-Aug, Solve Plastic Products Ltd is experiencing a price increase, currently at Rs 32.00, reflecting a rise of 1.5 (4.92%). Today, the stock opened with a gain of 4.92% and reached an intraday high of Rs 32. Despite this positive movement, the stock has shown a significant decline of 12.45% over the past week and a year-to-date drop of 29.52%. Additionally, the stock has been trading at the same price without any fluctuations today, and while it is currently above its 20-day and 50-day moving averages, it remains below its 5-day, 100-day, and 200-day moving averages. There has been a notable decrease in investor participation, with delivery volume falling by 34.78% compared to the 5-day average, indicating a potential concern for sustained interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight increase of 0.17% over the past week, Solve Plastic's performance has significantly lagged, with a decline of 12.45%. However, over the past month, the stock has outperformed the benchmark, gaining 10.34% while the Sensex fell by 2.90%. This suggests that while the stock is currently rising, its overall performance remains weak relative to the broader market trends, particularly in the longer term where it has underperformed year-to-date.