Why is Spinaroo Comm. falling/rising?

As of 30-Sep, Spinaroo Commercial Ltd's stock price is currently at Rs 70.00, reflecting an increase of Rs 1.65, or 2.41%. The stock has shown a positive performance today, outperforming its sector by 0.71% and has been on a consecutive gain for the last two days, accumulating a total return of 6.06% during this period. However, it opened the day with a significant loss of 4.87% and reached an intraday low of Rs 64.94, indicating some volatility. Despite this, the stock's performance over the past week has been positive, with a return of 3.89%, although it has underperformed over the last month with a decline of 5.28%. Notably, there has been a decrease in investor participation, with delivery volume dropping by 77.27% against the five-day average, which may have contributed to the erratic trading behavior observed.
In the broader market context, the Sensex has declined by 2.23% over the past week, suggesting that the overall market sentiment has been negative. Despite the stock's recent gains, it has not been able to maintain a consistent upward trajectory over the longer term, as indicated by its 1-month performance. The stock's moving averages indicate that while it is performing better than the 5-day, 50-day, 100-day, and 200-day averages, it is still below the 20-day moving average, which may signal potential resistance. Overall, while Spinaroo Commercial Ltd has shown some short-term resilience, the combination of opening losses, falling investor participation, and mixed performance against the benchmark suggests a cautious outlook moving forward.