Why is SPP Polymer falling/rising?

As of 01-Sep, SPP Polymer Ltd's stock price is currently at 16.80, reflecting an increase of 0.55, or 3.38%. The stock has shown a positive performance today, outperforming its sector by 1.72%. However, it is important to note that while the stock is higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced a significant decline of 48.47% year-to-date, despite a slight increase of 1.82% over the past week. The delivery volume has also decreased by 62.96% against the 5-day average, indicating falling investor participation. The current high dividend yield of 3.08% may provide some support for the stock's price.
In the broader market context, SPP Polymer's recent performance contrasts with the Sensex, which has declined by 1.37% over the past week and has a year-to-date increase of 4.15%. This suggests that the stock is currently experiencing a short-term rebound relative to the benchmark, despite its longer-term struggles. The overall market sentiment appears to be mixed, as the stock's significant year-to-date decline indicates underlying challenges, while today's positive movement may reflect a temporary recovery or investor interest driven by its dividend yield.