Why is Tarmat falling/rising?

As of 09-Oct, Tarmat Ltd's stock price is currently at Rs 55.96, reflecting an increase of Rs 3.93 or 7.55%. The stock has shown a positive trend today, gaining after two consecutive days of decline. It outperformed its sector by 6.72% and reached an intraday high of Rs 56.79. However, the stock has experienced high volatility with an intraday fluctuation of 6.27%. Despite this positive movement, there has been a significant drop in investor participation, with delivery volume falling by 61.87% compared to the five-day average. Year-to-date, the stock is down 27.54%, and over the past year, it has decreased by 34.34%, indicating a challenging longer-term performance.
Broader market context shows that Tarmat's short-term performance over the past week has been significantly better than the benchmark Sensex, with a return of 8.28% compared to the Sensex's 1.47%. This suggests that while Tarmat is currently experiencing a rebound, it has struggled in the longer term, as evidenced by its negative returns over one year and year-to-date compared to the positive performance of the Sensex. The stock's movement today may reflect a temporary recovery amidst broader challenges, and the falling investor participation could indicate caution among investors despite the recent gains.