Why is Zenlabs Ethica falling/rising?

As of 29-Oct, Zenlabs Ethica Ltd is currently priced at 29.85, reflecting an increase of 0.85 or 2.93%. Despite this positive movement today, the stock has been underperforming in the longer term, with a year-to-date decline of 24.43% compared to the Sensex's gain of 8.78%. Today's performance summary indicates that the stock has outperformed its sector by 2.87%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 80.81% against the 5-day average, indicating reduced interest in the stock.
In the broader market context, while Zenlabs Ethica has shown a slight uptick today, its short-term performance remains concerning when compared to the Sensex, which has gained 0.68% over the past week. The stock's longer-term returns are significantly negative, with a 1-year decline of 28.79% versus the Sensex's 5.76% increase, highlighting a stark contrast in performance. This underperformance, coupled with the falling investor participation, suggests that while there may be short-term gains, the overall sentiment towards Zenlabs Ethica remains weak in the context of the broader market.