Why is Vinyoflex falling/rising?

As of 12-Nov, Vinyoflex Ltd's stock price is currently at 62.00, reflecting an increase of 4.7, or 8.2%. The stock has shown a positive performance today, outperforming its sector by 7.05% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 67, marking a significant gain of 16.93%. However, the stock has experienced high volatility with an intraday volatility of 7.8%, and despite trading in a wide range of Rs 9.7, there has been a decrease in investor participation, with delivery volume falling by 17.31% compared to the 5-day average. The stock's year-to-date performance remains negative at -20.31%, and it has underperformed the benchmark over the past year, with a decline of 32.57%.
In the broader market context, Vinyoflex's short-term return over the past week is +7.64%, significantly outperforming the Sensex, which has only increased by 1.21% in the same period. This indicates that while the stock is currently experiencing a rebound, its overall performance year-to-date and over the past year has been poor compared to the benchmark. The stock's higher moving averages over shorter periods suggest a potential recovery trend, but the lower participation and liquidity metrics may indicate caution among investors. Overall, the stock's recent rise can be attributed to a short-term recovery phase, despite its longer-term struggles.