Why is Sonal Adhesives falling/rising?

As of 12-Nov, Sonal Adhesives Ltd's stock price is currently at Rs 51.90, reflecting an increase of Rs 3.5 or 7.23%. The stock has shown a strong performance today, outperforming its sector by 6.08% and reaching an intraday high of Rs 52, which is a 7.44% increase. Over the past week, the stock has gained 6.35%, and in the last month, it has risen by 8.85%. However, despite these short-term gains, the stock has experienced significant declines over the year-to-date and one-year periods, with losses of 20.15% and 25.52%, respectively. Notably, there has been a drastic drop in investor participation, with delivery volume falling by 99.2% against the five-day average, which may indicate a lack of confidence among investors.
In the broader market context, the Sensex has only increased by 1.21% over the past week and 2.38% over the past month, suggesting that Sonal Adhesives' recent performance is significantly stronger than the benchmark. However, the stock's year-to-date performance is notably worse than the Sensex's gain of 8.10%, highlighting a longer-term struggle. The stock's moving averages indicate that while it is performing better than its shorter-term averages, it remains below its 200-day moving average, which could signal ongoing challenges. Overall, the combination of short-term gains and long-term declines, along with reduced investor participation, paints a complex picture of Sonal Adhesives' current market position.