Why is Wise Travel falling/rising?

As of 30-Jun, Wise Travel India Ltd is experiencing a price increase, with the current price at 148.90, reflecting a rise of 5.9 or 4.13%. The stock has outperformed its sector today by 3.46%, and its performance over the past week shows a gain of 6.36%, which is significantly higher than the Sensex's increase of 2.18% during the same period. However, despite this positive movement, the stock's year-to-date performance remains negative at -9.73%, and it has declined by 46.86% over the past year. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. Notably, there has been a significant drop in investor participation, with delivery volume falling by 61.99% against the 5-day average, indicating a potential concern for sustained interest in the stock.
In the broader market context, Wise Travel's short-term return of 6.36% over the past week outpaces the Sensex's return of 2.18%, suggesting that the stock is gaining traction relative to the overall market. However, the broader trend shows that while the stock has seen a recent uptick, its long-term performance is concerning, with a year-to-date decline compared to the Sensex's positive return of 7.92%. This contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence, especially in light of the falling delivery volumes and the overall negative performance over the past year.