Why is Amic Forging falling/rising?

As of 04-Aug, Amic Forging Ltd's stock price is currently at 1,453.80, reflecting a slight increase of 3.9 points or 0.27%. The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this uptick, it has underperformed its sector by 1.6%. The stock's performance over the past week indicates a decline of 2.76%, while it has experienced a more significant drop of 12.26% over the past month. However, year-to-date, the stock has risen by 7.31%. The delivery volume has increased by 11.25% compared to the 5-day average, suggesting rising investor participation, which may positively influence the stock's movement.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, while Amic Forging's performance has lagged behind this benchmark. The stock's performance over the last month is also notably worse than the Sensex, which has declined by only 2.89%. This underperformance in the short term may be contributing to investor caution. Despite the recent price increase, the stock remains below its 5-day, 20-day, and 50-day moving averages, indicating potential volatility. Overall, while there are signs of increased investor interest, the stock's recent history of declines and its relative performance against the benchmark suggest a cautious outlook.