Why is SPP Polymer falling/rising?

As of 02-Sep, SPP Polymer Ltd's stock price is currently at 16.80, showing no change (0.00%). The stock has underperformed its sector by 0.71% today, and while it has outperformed the Sensex over the past week with a return of +1.82%, it has seen a decline of 4.00% over the past month and a significant drop of 48.47% year-to-date. The stock is currently trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 42.86% against the 5-day average, indicating some positive momentum despite the overall negative performance.
Broader Market Context: In comparison to the benchmark, SPP Polymer's short-term performance has been relatively strong over the past week, outperforming the Sensex, which has declined by 0.54%. However, the stock's longer-term performance remains concerning, with a year-to-date decline of 48.47% compared to the Sensex's gain of 3.95%. This stark contrast highlights the challenges faced by SPP Polymer in maintaining investor confidence, despite some recent increases in trading activity and liquidity. Overall, while there are signs of increased investor interest, the stock's significant year-to-date decline suggests ongoing struggles in the market.