Why is Ultra Wiring falling/rising?

As of 16-Sep, Ultra Wiring Connectivity Systems Ltd is currently priced at 111.95, reflecting an increase of 5.0 or 4.68%. Despite this rise today, the stock has shown a negative performance over the past week and month, with declines of 0.53% and 0.04%, respectively. Year-to-date, the stock has significantly underperformed, down 40.45%, while the one-year return is also negative at -13.55%. Additionally, the stock is trading below its moving averages across multiple time frames, indicating a bearish trend. There has been a notable decrease in investor participation, with delivery volume falling by 37.5% compared to the five-day average, which may suggest waning interest among investors.
In the broader market context, the Sensex has outperformed Ultra Wiring over the same periods, gaining 1.49% in the past week and 2.47% in the past month, while the benchmark has a positive year-to-date return of 6.74%. This contrast highlights the stock's struggle to keep pace with the overall market performance. The liquidity of Ultra Wiring appears adequate for trading, but the significant drop in delivery volume could indicate a lack of confidence among investors, contributing to its recent price movements. Overall, while there is a short-term uptick in price, the longer-term trends and market comparisons suggest ongoing challenges for the stock.