Why is Unilex Colour &C falling/rising?

As of 06-October, Unilex Colour & Chemical Ltd's stock price is currently at 47.35, reflecting an increase of 0.35 or 0.74%. The stock has shown a positive performance today, outperforming its sector by 0.71%. In terms of returns, the stock has gained 2.93% over the past week and 2.49% over the past month, which is notably higher than the Sensex's gains of 1.80% and 1.36% for the same periods. However, the stock's year-to-date performance remains significantly negative at -45.01%, contrasting sharply with the Sensex's positive return of 6.06%. Additionally, the stock's delivery volume has decreased by 64.29% compared to the 5-day average, indicating falling investor participation, which may negatively impact future price movements.
Broader Market Context: In the short term, Unilex Colour & Chemical Ltd has outperformed the benchmark Sensex, which may suggest some positive sentiment among investors despite the overall negative year-to-date performance. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a potential upward trend in the short term. However, it remains below the 200-day moving average, which could signal longer-term challenges. The liquidity of the stock appears adequate for trading, but the significant drop in delivery volume raises concerns about sustained interest from investors, which could hinder further price recovery.