Why is Vardhman Polytex falling/rising?

As of 10-Oct, Vardhman Polytex Ltd's stock price is currently at Rs. 8.87, reflecting an increase of Rs. 0.89 or 11.15%. The stock has shown a trend reversal, gaining after five consecutive days of decline. Notably, it outperformed its sector by 10.12% today. Despite this positive movement, the stock has experienced a significant decline of 26.08% year-to-date and 26.14% over the past year. It also hit a new 52-week low of Rs. 7.76 today. The stock's delivery volume has increased by 59.62% compared to the five-day average, indicating rising investor participation, while its moving averages suggest mixed performance relative to longer-term trends.
In the broader market context, Vardhman Polytex's short-term return of +4.97% over the past week significantly outpaces the Sensex's return of +1.59% during the same period. However, the stock's year-to-date performance remains notably poor compared to the Sensex, which has gained 5.58% this year. This contrast highlights the stock's volatility and the challenges it has faced despite recent gains. Overall, while the stock is currently rising, its long-term performance remains a concern, as indicated by its substantial declines over the past year and year-to-date.