Why is Variman Global falling/rising?

As of 19-Nov, Variman Global Enterprises Ltd is experiencing a price increase, currently at 7.74, with a change of 0.36, representing a rise of 4.88%. The stock has shown a positive performance today, outperforming its sector by 5.05% and has been gaining for the last two days, accumulating a total return of 5.88% during this period. However, despite this recent uptick, the stock has faced significant declines over the longer term, with a 30.40% drop over the past month and a year-to-date decline of 37.68%. Notably, the stock's delivery volume has decreased sharply by 75.77% compared to the 5-day average, indicating falling investor participation, which could be a concern for sustained upward momentum.
In the broader market context, Variman's short-term return of 6.91% over the past week significantly outpaces the Sensex, which has only increased by 0.85% during the same period. This suggests that the stock is currently gaining traction relative to the market. However, the longer-term performance remains concerning, with substantial declines over the past month and year compared to the benchmark's positive returns. The stock's moving averages indicate that while it is performing better than the 5-day average, it still lags behind the longer-term averages, which may reflect ongoing volatility and uncertainty in investor sentiment.