Why is Swastik Pipe falling/rising?

As of 04-Aug, Swastik Pipe Ltd's stock price is currently at Rs 33.25, reflecting an increase of Rs 2.35, or 7.61%. The stock has shown a positive performance today, outperforming its sector by 4.76%. It opened with a gain of 3.24% and reached an intraday high of Rs 33.45, indicating strong buying interest. Additionally, the stock has experienced a rise in investor participation, with delivery volume increasing by 33.33% compared to the 5-day average. However, despite today's gains, the stock has a year-to-date decline of 37.85% and a one-year drop of 51.71%, suggesting that it has faced significant challenges over a longer period.
In the broader market context, Swastik Pipe's short-term return of 8.13% over the past week significantly outperforms the Sensex, which has only increased by 0.17% during the same period. This indicates that while the stock is experiencing a positive short-term trend, it has struggled in the longer term compared to the benchmark, which has gained 4.56% year-to-date. The contrasting performance highlights the stock's volatility and the potential for recovery, although it remains to be seen if this upward momentum can be sustained in the face of its historical declines.