Why is Wagend Infra falling/rising?

As of 16-Oct, Wagend Infra Venture Ltd is experiencing a price increase, currently at 1.22, with a change of 0.11, representing a rise of 9.91%. The stock has shown a strong performance today, outperforming its sector by 10.03%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 52.62% compared to the 5-day average. Over the past week, the stock has gained 14.02%, significantly outperforming the Sensex, which rose by only 1.58%. Despite this positive short-term performance, the year-to-date return remains negative at -12.86%, suggesting ongoing challenges for the company.
In the broader market context, Wagend Infra's recent gains contrast sharply with its longer-term performance, where it has underperformed against the Sensex over the past year and five years. While the stock has shown resilience in the short term, the overall year-to-date decline indicates that investors may still be cautious. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value. The absence of specific positive or negative factors in the dashboard limits a deeper analysis of the underlying reasons for the stock's movements, but the current upward trend could be attributed to short-term trading dynamics rather than a fundamental turnaround.