Why is Thinking Hats falling/rising?

As of 28-Aug, Thinking Hats Entertainment Solutions Ltd is experiencing a price increase, currently at 31.10, with a change of 1.45, representing a rise of 4.89%. Despite this positive movement today, the stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a general downward trend over a longer period. Additionally, the stock has seen a significant decline in investor participation, with delivery volume dropping by 86.11% compared to the 5-day average. Over the past week, the stock has underperformed the benchmark, with a decline of 5.33% compared to the Sensex's 2.32% drop, while it has shown a modest gain of 3.32% over the past month against the benchmark's decline of 0.73%. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, the stock's short-term performance has been weaker than the benchmark, particularly over the past week, where it has fallen more sharply than the Sensex. Year-to-date, Thinking Hats has seen a significant decline of 27.08%, contrasting with the Sensex's gain of 3.62%, highlighting the stock's struggles relative to the overall market. This context suggests that while there may be short-term gains, the longer-term outlook remains challenging, particularly given the substantial year-to-date losses and the ongoing issues with investor participation.