Why is United Cotfab falling/rising?

As of 09-Sep, United Cotfab Ltd's stock price is currently at Rs 23.12, reflecting an increase of Rs 1.1, or 5.0%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 15.66% during this period. It opened with a 5% gain today and reached an intraday high of Rs 23.12. However, despite this recent performance, the stock has shown a significant decline over the longer term, with a year-to-date drop of 45.66% and a one-year decline of 57.08%. The stock's trading activity has been erratic, with a decrease in delivery volume by 7.41% compared to the five-day average, indicating falling investor participation.
In the broader market context, United Cotfab's short-term performance has significantly outpaced the Sensex, which only increased by 1.18% over the past week. This stark contrast highlights the stock's recent recovery relative to the benchmark. However, the stock's longer-term performance remains concerning, as it has underperformed the Sensex over the past month and year. The liquidity of the stock is adequate for trading, but the overall declining trend in investor participation may pose challenges for sustained upward momentum.