Why is Sunita Tools Ltd falling/rising?

As of 05-Aug, Sunita Tools Ltd is experiencing a price increase, currently at Rs 710.00, which reflects a rise of Rs 19.5 or 2.82%. The stock has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 723.8, which is a 4.82% increase. However, it is important to note that the stock is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this, there has been a rise in investor participation, with delivery volume increasing by 6.64% compared to the 5-day average. In terms of performance against benchmarks, the stock has underperformed over the past week and month, with declines of 2.43% and 13.67%, respectively.
Broader market context indicates that while Sunita Tools Ltd has outperformed its sector by 2.84% today, its year-to-date performance remains negative at -11.65%, contrasting with a positive return of 3.29% for the Sensex. This suggests that the stock's recent rise may be a short-term correction rather than a sustained recovery, as it continues to lag behind broader market trends. The overall market sentiment appears to be cautious, as indicated by the stock's poor performance over longer periods compared to the Sensex, which has shown positive returns over the past year and beyond.