Why is Sover. Diamonds falling/rising?

As of 08-Aug, Sovereign Diamonds Ltd is experiencing a price increase, currently at 33.00, reflecting a rise of 0.94 or 2.93%. The stock has shown a positive performance today, outperforming its sector by 1.76%, and has gained consecutively over the last two days, accumulating a total return of 3.13%. However, despite this recent uptick, the stock has seen a significant decline of 52.84% year-to-date and a drop of 11.50% over the past month. Additionally, the stock's delivery volume has decreased by 50.02% compared to the 5-day average, indicating falling investor participation. The moving averages suggest that while the stock is currently above its 5-day moving average, it remains below the longer-term averages, which may indicate a lack of sustained momentum.
In the broader market context, the Sensex has declined by 0.92% over the past week, contrasting with the stock's 2.58% gain during the same period, suggesting that Sovereign Diamonds Ltd is performing relatively well against the benchmark. However, the stock's year-to-date performance is significantly worse than the Sensex's modest gain of 2.20%. This disparity highlights the stock's volatility and potential challenges it faces despite recent gains. Overall, while the stock is rising in the short term, its long-term performance remains concerning, and the decrease in investor participation could pose risks to its upward trajectory.