Why is Sonam falling/rising?

As of 04-Aug, Sonam Ltd's stock price is currently at Rs 47.06, reflecting an increase of Rs 0.97 or 2.1%. Today, the stock opened with a gain of 3.04% and reached an intraday high of Rs 47.49. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -2.14% and a 1-month return of -3.53%. However, the company reported positive results in June, with net sales reaching Rs 37.90 crore, and the promoters have shown increased confidence by raising their stake by 0.8%. This suggests a belief in the company's future potential, despite the stock's negative performance over the past year, where it has declined by 13.59%.
In the broader market context, while the Sensex has shown a slight increase of 0.17% over the past week, Sonam Ltd's recent performance has been weaker, indicating a divergence from the benchmark. The stock's year-to-date performance is significantly lower at -29.29%, contrasting with the Sensex's positive return of 4.56%. Additionally, the stock's liquidity remains adequate, but there has been a notable decline in investor participation, with delivery volume dropping by 37.45% compared to the 5-day average. This combination of factors suggests that while there are some positive indicators, the overall market sentiment and recent trading activity may still be weighing on the stock's performance.