Why is Ashirwad Steels falling/rising?

As of 05-Sep, Ashirwad Steels & Industries Ltd is experiencing a slight decline in its stock price, currently at 30.90, which reflects a decrease of 0.09 or 0.29%. The stock has underperformed its sector by 0.65% today and has seen a trend reversal after three consecutive days of gains. In terms of returns, the stock has shown a 4.46% increase over the past week, but it has declined by 2.49% over the past month and is down 28.77% year-to-date. Additionally, while the stock is currently trading above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. There has been a notable increase in investor participation, with delivery volume rising by 186.71% against the 5-day average, indicating heightened interest despite the recent price drop.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.13% over the past week and remained flat over the past month. While Ashirwad Steels has outperformed the Sensex in the short term, its longer-term performance is concerning, with a year-over-year decline of 20.67% compared to the Sensex's drop of only 1.81%. This suggests that while there may be some short-term optimism reflected in the increased trading volume, the overall trend for Ashirwad Steels remains negative, indicating potential challenges ahead for the company in the current market environment.