Why is Ashirwad Steels falling/rising?

As of 29-Aug, Ashirwad Steels & Industries Ltd is experiencing a price increase, with the current price at Rs. 29.58, reflecting a change of 0.42 (1.44%) upward. The stock has recently outperformed its sector by 2.33% and has shown a trend reversal after five consecutive days of decline. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock hit a new 52-week low of Rs. 28.31 today. In terms of returns, the stock has seen a decline of 31.81% year-to-date and 26.78% over the past year, contrasting with the Sensex, which has gained 2.14% year-to-date and declined only 2.83% over the same period.
In the broader market context, Ashirwad Steels' short-term performance has been relatively better than the benchmark Sensex, which has declined by 1.84% over the past week and 1.88% over the past month, while Ashirwad Steels has only fallen by 0.40% and 5.50%, respectively. This indicates that despite the stock's overall negative trend, it is currently showing resilience compared to the broader market. The rising investor participation, with a delivery volume increase of 0.42% against the 5-day average, suggests a growing interest in the stock, which could be contributing to its recent price increase. However, the absence of specific positive or negative factors in the dashboard limits a more detailed analysis of the influences on the stock's movement.