Why is Bajaj Steel Inds falling/rising?

As of 28-Aug, Bajaj Steel Industries Ltd is experiencing a price increase, currently at Rs 537.30, reflecting a rise of Rs 24.3 or 4.74%. The stock has outperformed its sector by 5% today and has shown consecutive gains over the last two days, accumulating a total return of 14.08% during this period. Despite a decline of 5.72% over the past month and a significant year-to-date drop of 36.53%, the stock has generated a positive return of 7.46% over the last year. The company maintains a low debt-to-equity ratio and an attractive return on equity (ROE) of 16.6, although its profits have decreased by 12.8% over the past year, indicating some underlying challenges.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has declined by 2.34% over the past week. The stock's strong short-term performance, particularly its 6.19% gain over the last week, suggests that it is gaining traction among investors despite its long-term growth concerns, such as a 23.74% drop in net sales and negative results in the last two quarters. The rising investor participation, indicated by a significant increase in delivery volume, may reflect growing confidence in the stock's potential, even as domestic mutual funds remain hesitant to invest.