Why is Bajaj Steel Inds falling/rising?

As of 23-Sep, Bajaj Steel Industries Ltd is experiencing a rise in its stock price, currently at 602.60, which reflects an increase of 30.5 or 5.33%. The stock has shown strong performance recently, outperforming its sector by 4.49% today and achieving a consecutive gain over the last two days with a total return of 7.63%. Despite a wide trading range today, with a high of Rs 613.9 and a low of Rs 551.4, the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. However, the stock has faced challenges, including a decline in investor participation, as evidenced by a 35.04% drop in delivery volume against the 5-day average. Additionally, while the company has a low debt-to-equity ratio and an attractive return on equity, it has reported negative results in recent quarters, with a significant drop in net sales and profits.
In the broader market context, Bajaj Steel Industries Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +3.36% compared to the Sensex's -0.34%. Over the past month, the stock has risen by 25.12%, while the Sensex has only increased by 0.98%. Despite these positive short-term movements, the stock's year-to-date performance remains negative at -28.81%, contrasting with the Sensex's gain of 5.07%. This divergence suggests that while the stock is currently gaining traction, it has struggled significantly over the longer term, which may be a concern for potential investors.