Why is Abha Power falling/rising?

As of 09-Jul, Abha Power and Steel Ltd's stock price is currently at 31.55, reflecting an increase of 1.25, or 4.13%. The stock has shown a strong performance today, outperforming its sector by 4.85%. Additionally, it is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 44.44% compared to the 5-day average. Year-to-date, the stock has declined by 32.30%, contrasting sharply with the Sensex's gain of 7.75%, indicating ongoing challenges for the company.
In the broader market context, the stock's short-term return of +6.77% over the past week significantly outpaces the Sensex's modest increase of 0.09%. This suggests that while Abha Power is experiencing a temporary rebound, it is still struggling in the longer term, as evidenced by its year-to-date performance. The overall market has shown resilience, with the Sensex gaining over the past month and year, which may indicate that Abha Power's recent rise is more of a correction rather than a sustained recovery.