Why is Suraj falling/rising?

As of 08-Aug, Suraj Ltd's stock price is currently at 337.95, reflecting an increase of 2.95, or 0.88%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. However, it is important to note that Suraj 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 significantly decreased by 78.66% compared to the 5-day average, suggesting falling investor participation. Over the past week, the stock has underperformed with a decline of 2.04%, and it has experienced a substantial drop of 34.98% year-to-date, despite a strong performance over the past year with a gain of 38.79%.
In the broader market context, the Sensex has also experienced a decline of 0.92% over the past week, indicating that the market sentiment is somewhat negative. However, Suraj's performance today has outpaced the sector by 2.64%, which may reflect a short-term recovery attempt amidst a challenging environment. While the stock has shown resilience in the long-term with a remarkable 363.26% increase over the past three years, the recent trends suggest that investors are cautious, especially given the significant year-to-date decline compared to the Sensex's modest gain of 2.20%.