Why is Amforge Inds. falling/rising?

As of 16-Sep, Amforge Industries Ltd's stock price is currently at 9.79, reflecting an increase of 0.09 or 0.93%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -2.78% compared to the Sensex's gain of +1.58%. Additionally, the stock's delivery volume has significantly decreased by 75.76% against the 5-day average, indicating falling investor participation. Over the past year, the stock has declined by 17.03%, while the benchmark has only fallen by 0.73%, highlighting ongoing challenges for the company.
In the broader market context, the Sensex has performed positively with a 1-month return of +2.21%, while Amforge Industries Ltd has only managed a modest gain of 2.51% over the same period. This suggests that while the stock has seen some recovery recently, it still lags behind the overall market performance. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume may signal caution among investors. Overall, the combination of a recent price increase and ongoing underperformance relative to the benchmark indicates a complex situation for Amforge Industries Ltd.