Why is Wagend Infra falling/rising?

As of 07-Nov, Wagend Infra Venture Ltd's stock price is currently at 1.11, reflecting an increase of 0.06 or 5.71%. Despite this rise today, the stock has shown a negative performance over the past week, down 2.63%, and has also underperformed the benchmark Sensex over the last month and year-to-date, with declines of 3.48% and 20.71%, respectively. Today's price summary indicates that Wagend Infra is trading below its moving averages across various time frames, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 58.64% compared to the 5-day average, which may indicate waning interest among investors.
In the broader market context, while Wagend Infra's stock has outperformed its sector by 4.19% today, its overall performance remains weak compared to the Sensex, which has gained 1.57% over the past month. The stock's long-term performance also reflects challenges, with a 5-year decline of 65.20% compared to the Sensex's increase of 98.64%. This disparity highlights the difficulties Wagend Infra faces in attracting sustained investor interest, despite today's uptick in price. Overall, the combination of lower trading volumes and underperformance against the benchmark suggests that the stock's recent rise may not be indicative of a broader recovery.