Why is Srigee DLM falling/rising?

As of 21-Aug, Srigee DLM Ltd's stock price is currently at Rs 230.40, reflecting an increase of Rs 10.95, or 4.99%. The stock has shown a trend reversal, gaining after 20 consecutive days of decline. Despite today's positive movement, the stock has underperformed significantly over the past week and month, with returns of -11.88% and -17.03%, respectively. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a decline in investor participation, with delivery volume falling by 14.78% compared to the 5-day average, which may suggest a lack of confidence among investors.
Broader market context shows that while Srigee DLM has outperformed its sector today by 5.23%, it has lagged behind the benchmark Sensex, which has gained 1.74% over the past week. The stock's erratic trading, with no trades on two days out of the last 20, further complicates its performance narrative. Despite the current rise, the overall negative returns over the past month and the declining investor interest indicate that the stock may still face challenges in sustaining this upward momentum in the near term.