Why is Sri Nacha. Cott. falling/rising?

As of 07-Oct, Sri Nachammai Cotton Mills Ltd is experiencing a price increase, currently at Rs 34.00, which reflects a rise of Rs 1.7 or 5.26%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It opened with a significant gain of 8.33% and reached an intraday high of Rs 34.99. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 595.42% compared to the 5-day average, suggesting renewed interest in the stock.
In the broader market context, the stock's performance over the past week shows a decline of 5.21%, while the benchmark Sensex has increased by 2.07%. This underperformance relative to the benchmark highlights the challenges faced by Sri Nachammai Cotton Mills Ltd in the short term. Over the year, the stock has decreased by 5.56%, contrasting with the Sensex's modest gain of 1.08%. Despite today's positive movement, the stock's year-to-date performance remains significantly negative at -19.62%, while the Sensex has risen by 4.85%. This suggests that while there may be short-term gains, the stock is still struggling to align with broader market trends.