Why is Standard Battery falling/rising?

As of 18-Aug, Standard Batteries Ltd is experiencing a price increase, currently at Rs 58.25, which reflects a rise of Rs 1.9 or 3.37%. The stock has shown a trend reversal today, gaining after three consecutive days of decline. It opened with a significant gain of 14.29% and reached an intraday high of Rs 64.4. However, despite today's positive movement, the stock has underperformed over the past week and month, with declines of 1.25% and 7.76%, respectively. Year-to-date, the stock is down 22.02%, and over the past year, it has decreased by 33.62%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 37.14% against the five-day average, which may indicate reduced confidence among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.83% over the past week and is up 4.01% year-to-date, Standard Batteries Ltd's recent performance has been weaker. The stock's volatility today, with an intraday fluctuation of 5.18%, suggests a turbulent trading environment. While the stock has outperformed its sector by 1.52% today, the broader trend shows significant underperformance over longer periods, particularly with a year-over-year decline of 33.62% against the Sensex's modest gain of 1.04%. This context highlights the challenges faced by Standard Batteries Ltd despite today's positive price movement.