Why is Vaarad Ventures falling/rising?

As of 23-Sep, Vaarad Ventures Ltd is currently priced at 9.40, reflecting a slight increase of 0.02 or 0.21%. The stock has recently shown a trend reversal, gaining after two consecutive days of decline. Despite this uptick, it remains 4.26% away from its 52-week low and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 97.5% compared to the 5-day average. However, the stock has underperformed in the longer term, with a year-to-date decline of 30.63% and a 1-year drop of 31.39%, indicating ongoing challenges despite today's positive movement.
In the broader market context, Vaarad Ventures has underperformed compared to the Sensex, particularly over the past week and month, where it has seen declines of 7.39% and 24.19%, respectively, while the Sensex has only decreased by 0.34% and increased by 0.98%. This stark contrast highlights the stock's struggles relative to the market. The liquidity of the stock appears adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, while there are signs of a potential rebound, the stock's recent performance and broader market trends suggest a cautious outlook.