Why is Swadeshi Polytex falling/rising?

As of 21-Jul, Swadeshi Polytex Ltd's stock price is rising, currently at Rs 66.06, reflecting an increase of Rs 3.51 or 5.61%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 7.33% during this period. It opened with a gain of 3.84% today and reached an intraday high of Rs 66.06. Despite this upward movement, the stock has experienced a decline of 4.83% over the past month and a significant drop of 28.34% year-to-date. Additionally, there has been a decrease in investor participation, with delivery volume falling by 22.9% against the five-day average, which may indicate some caution among investors.
In the broader market context, Swadeshi Polytex has outperformed the Sensex by 6.03% today, while the benchmark index has shown a slight decline of 0.06% over the past week. This indicates that the stock's recent gains are occurring in a relatively weak market environment. Over the longer term, however, the stock has underperformed the Sensex significantly, with a year-to-date decline of 28.34% compared to the benchmark's gain of 5.20%. Despite the recent positive momentum, the overall trend suggests that the stock is still facing challenges in the broader market landscape.