Why is Veer Energy falling/rising?

As of 24-Jun, Veer Energy & Infrastructure Ltd is experiencing a price increase, with its current price at 17.90, reflecting a change of 0.3 or 1.7% upward. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 801.3% compared to the 5-day average. However, the stock has underperformed in the longer term, with a year-to-date decline of 25.70% compared to a 5.01% gain in the Sensex.
In the broader market context, Veer Energy's short-term performance has been notably weaker than the benchmark, as it has declined by 8.95% over the past week while the Sensex has gained 0.58%. This disparity highlights the challenges the stock faces in the current market environment. The overall market sentiment appears to be more favorable, as indicated by the Sensex's positive returns over various periods, contrasting with Veer Energy's negative performance in the same timeframe. The lack of specific positive or negative factors further complicates the outlook for the stock, making it essential for investors to consider both the recent price movements and the broader market trends.