Why is Standard Battery falling/rising?

As of 17-Sep, Standard Batteries Ltd is currently priced at 59.69, reflecting an increase of 0.78 or 1.32%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Additionally, the delivery volume has decreased significantly, falling by 30.82% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has underperformed the Sensex, with a return of -2.94% compared to the benchmark's gain of +1.56%. Year-to-date, the stock is down 20.09%, while the Sensex has increased by 5.83%.
In the broader market context, the stock's recent performance contrasts with the benchmark, particularly in the short term, where it has lagged behind. Despite a positive movement today, the overall trend indicates that the stock has struggled significantly over the past year, with a decline of 31.39% compared to a slight decrease of 0.46% in the Sensex. The liquidity of the stock remains adequate for trading, but the falling investor participation may signal caution among investors, contributing to the stock's volatility and recent price movements.