Why is Sonal Mercantile falling/rising?

As of 30-Sep, Sonal Mercantile Ltd's stock price is currently at Rs 102.90, reflecting an increase of Rs 3.5 or 3.52%. The stock has shown a strong performance today, outperforming its sector by 3.22% and achieving a consecutive gain over the last two days, with a total return of 9.99% during this period. The stock reached an intraday high of Rs 104, indicating positive momentum. However, it is important to note that the delivery volume has significantly decreased, falling by 92.53% against the 5-day average, which suggests a decline in investor participation. The stock's performance over the past week shows a return of +5.65%, while it has underperformed in the year-to-date and one-year periods with returns of -11.67% and -17.52%, respectively.
In the broader market context, the Sensex has experienced a decline of 2.23% over the past week, contrasting with Sonal Mercantile's positive return in the same timeframe. While the stock has performed well recently, its year-to-date performance remains negative compared to the benchmark, which has gained 2.72% this year. The stock's moving averages indicate that it is currently above the 5-day, 20-day, 50-day, and 100-day averages, but below the 200-day average, suggesting mixed signals regarding its longer-term trend. Overall, despite the recent gains, the significant drop in delivery volume and the negative year-to-date performance highlight potential concerns for investors.