Why is Ashirwad Steels falling/rising?

As of 03-Sep, Ashirwad Steels & Industries Ltd is experiencing a price increase, currently at 30.39, which reflects a rise of 0.49 or 1.64%. The stock has been gaining for the last two days, with a total return of 3.23% during this period. However, it has underperformed its sector by 1.61%. In terms of returns, the stock has shown a 3.54% increase over the past week, contrasting with a slight decline of 0.82% over the past month. Despite this recent uptick, the stock's year-to-date performance is down by 29.94%, indicating significant challenges over a longer time frame. Notably, the delivery volume has decreased by 77.07% compared to the five-day average, suggesting a decline in investor participation.
Broader market context reveals that while Ashirwad Steels has outperformed the Sensex by 3.81% over the past week, it has lagged behind in the longer term, with a year-to-date decline compared to the Sensex's 3.11% gain. The steel sector overall has gained by 3.3%, which may have contributed to the stock's recent rise. However, the stock remains below its 50-day, 100-day, and 200-day moving averages, indicating potential volatility and uncertainty in its price trajectory. The liquidity of the stock is adequate for trading, but the significant drop in delivery volume raises concerns about sustained investor interest.