Why is Zodiac-JRD MKJ falling/rising?

As of 24-Sep, Zodiac-JRD-MKJ Ltd's stock price is currently at Rs 48.62, reflecting an increase of Rs 1.52 or 3.23%. The stock has shown a positive trend recently, gaining 6.37% over the last two days and outperforming its sector by 3.86% today. Despite this recent uptick, the stock has a year-to-date decline of 37.32% and a one-year decline of 46.01%, indicating significant long-term challenges. The stock's performance is currently higher than its 5-day and 20-day moving averages, although it remains below the longer-term moving averages of 50, 100, and 200 days. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 38.57% compared to the 5-day average, which may impact future price movements.
In the broader market context, the stock's short-term performance of +3.45% over the past week contrasts sharply with the Sensex, which has declined by 1.18% in the same period. This suggests that the stock is experiencing a relative strength compared to the overall market. However, the stock's longer-term performance remains concerning, with significant declines over the past year and year-to-date compared to the Sensex's positive return of 4.58% year-to-date. The liquidity of the stock appears adequate for trading, but the falling investor participation could pose risks to sustaining the recent price gains.