Why is Srigee DLM falling/rising?

As of 25-Aug, Srigee DLM Ltd's stock price is currently at Rs. 229.80, reflecting an increase of Rs. 10.9 or 4.98%. Despite this rise, the stock has shown a negative trend over the past week and month, with declines of 5.49% and 13.85%, respectively. Today, the stock opened with a loss of 4.98%, hitting a new 52-week low of Rs. 208 before recovering to its current price. The stock has traded in a wide range of Rs. 21.8, and it is currently below all major moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 53.58% against the 5-day average, suggesting a lack of confidence among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.45% over the past week and 0.21% over the past month, Srigee DLM's performance has been notably weaker. The stock's recent rise today, while positive, comes after a period of substantial losses, indicating that the market sentiment remains cautious. The overall market has shown modest gains, contrasting with Srigee DLM's struggles, which may reflect broader concerns about the company's performance or sector-specific challenges.