Why is Vardhman Polytex falling/rising?

As of 06-Nov, Vardhman Polytex Ltd's stock price is currently at Rs. 8.29, reflecting an increase of Rs. 0.44, or 5.61%. The stock has shown a positive performance today, having outperformed its sector by 6.86% and reversing a trend after two consecutive days of decline. Notably, the stock hit a new 52-week low of Rs. 7.61 earlier today, but the recent uptick indicates a potential recovery. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 73.74% compared to the five-day average. Over the past week, the stock has gained 5.61%, contrasting with a decline of 1.30% in the Sensex, although it has experienced a year-to-date decline of 30.92% against a 6.62% increase in the benchmark.
In the broader market context, Vardhman Polytex's short-term performance has been notably stronger than that of the Sensex, which has declined over the same period. While the stock has struggled in the longer term, as evidenced by its year-to-date and one-year returns, the recent positive movement suggests a potential shift in investor sentiment. The stock's liquidity is adequate for trading, which may also contribute to its recent price increase. Overall, the combination of a trend reversal, increased trading volume, and outperformance against the sector has led to the stock's rise today, despite its challenging performance over the longer term.