Why is Bajaj Steel Inds falling/rising?

As of 29-Aug, Bajaj Steel Industries Ltd is experiencing a rise in its stock price, currently at Rs 549.40, reflecting an increase of Rs 12.1 or 2.25%. The stock has shown strong performance recently, gaining 16.65% over the last three days and outperforming its sector by 4.64% today. Despite a decline of 4.20% over the past month, the stock has generated a positive return of 8.26% over the last year. The company maintains a low debt-to-equity ratio and an attractive valuation with a return on equity of 16.6, although its profits have decreased by 12.8% over the past year, which may be a concern for investors.
In the broader market context, the stock has significantly outperformed the benchmark Sensex over the past week, where it rose by 14.08% compared to the Sensex's decline of 1.84%. However, the stock's year-to-date performance shows a decline of 35.10%, contrasting with the Sensex's increase of 2.14%. The recent rise in stock price may be attributed to increased investor participation, as indicated by a 14.25% rise in delivery volume, despite the overall negative sentiment in the textile machinery sector, which has fallen by 2.3%. This combination of short-term gains and ongoing concerns about long-term growth prospects creates a complex picture for Bajaj Steel Industries Ltd.