Why is Zenlabs Ethica falling/rising?

As of 17-Oct, Zenlabs Ethica Ltd has seen its stock price rise to Rs 31.70, reflecting an increase of Rs 1.13 or 3.7%. Today's price action indicates a strong performance, as the stock outperformed its sector by 3.74%. It reached an intraday high of Rs 31.89, marking a 4.32% increase, although it also experienced a low of Rs 29.76, which was a decline of 2.65%. The stock has shown a significant increase in investor participation, with delivery volume rising by 164.73% compared to the 5-day average. However, it remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed long-term sentiment. The stock's performance over the past month has been negative at -0.94%, contrasting sharply with the benchmark Sensex, which has gained 1.52%.
In the broader market context, Zenlabs Ethica's short-term return of +1.70% over the past week is slightly below the Sensex's gain of +1.76%. This suggests that while the stock is experiencing a positive day, its overall performance in the recent month and year remains weak, with declines of -0.94% and -22.83%, respectively. The stark contrast between the stock's year-to-date performance of -19.75% and the Sensex's increase of +7.44% further highlights the challenges faced by Zenlabs Ethica in the current market environment. Overall, despite today's positive movement, the stock's long-term trajectory appears to be under pressure compared to the broader market.