Why is Sonal Mercantile falling/rising?

As of 10-Nov, Sonal Mercantile Ltd's stock price is currently at 98.00, reflecting an increase of 5.5, or 5.95%. The stock has shown a positive trend today, gaining after five consecutive days of decline, and opened with a significant gap up of 7.02%. It reached an intraday high of Rs 98.99. Despite this upward movement, the stock has underperformed over the longer term, with a year-to-date decline of 15.88% and a one-year drop of 20.84%. Additionally, there has been a decrease in investor participation, with delivery volume falling by 17.23% against the five-day average, indicating some caution among investors.
In the broader market context, Sonal Mercantile's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.53% over the past week, while the stock itself has gained 1.98% in the same period. This suggests that the stock is currently outperforming the market in the short term. However, over the past month, the stock has declined by 2.97%, while the Sensex has increased by 1.25%, highlighting its struggles in the longer term. Overall, while today's performance indicates a rebound, the stock's historical performance and declining investor participation may temper optimism regarding its future trajectory.