Why is Ashirwad Steels falling/rising?

As of 08-Sep, Ashirwad Steels & Industries Ltd is currently priced at 30.99, reflecting a slight increase of 0.09 or 0.29%. The stock has shown mixed performance in recent periods, with a 5.26% increase over the past week, although it has underperformed the sector by 1% today. The stock is trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 24.37% compared to the 5-day average. The stock has also experienced a significant year-to-date decline of 28.56%, despite a strong 3-year return of 28.06%.
Broader market context indicates that while Ashirwad Steels has outperformed the Sensex over the past week, it has lagged behind in the longer-term metrics, particularly with a 1.56% decline over the past month compared to a 1.16% increase in the benchmark. The stock's year-to-date performance is particularly concerning, as it has significantly underperformed the Sensex, which has gained 3.39% during the same period. This combination of short-term gains overshadowed by longer-term losses, alongside falling investor participation, suggests that while there may be some positive momentum in the very short term, broader trends and reduced trading activity are contributing to a cautious outlook for the stock.