Why is Wagend Infra falling/rising?

As of 02-Sep, Wagend Infra Venture Ltd's stock price is currently at Rs. 1.14, reflecting an increase of 0.1 or 9.62%. The stock has shown a positive performance today, outperforming its sector by 9.75% and has been on a consecutive gain for the last two days, rising 10.68% during this period. However, it is important to note that the stock hit a new 52-week low of Rs. 0.87 today. Despite the recent gains, the stock's year-to-date performance remains negative at -18.57%, and it has significantly underperformed over the longer term, with a 5-year return of -66.57%. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 43.94% against the 5-day average, indicating a potential concern regarding liquidity and investor confidence.
Broader market context shows that while Wagend Infra has gained 4.59% over the past week, the benchmark Sensex has declined by 0.78% during the same period. This suggests that the stock's recent rise may be driven by specific factors related to the company rather than broader market trends. In the longer term, however, Wagend Infra's performance has lagged behind the Sensex, which has gained 2.58% year-to-date. The contrast between the stock's short-term gains and its long-term underperformance against the benchmark highlights the challenges it faces in regaining investor confidence and market position.