Why is Bajaj Steel Inds falling/rising?

As of 11-Nov, Bajaj Steel Industries Ltd is experiencing a rise in its stock price, currently at Rs 578.75, reflecting an increase of Rs 13.1 or 2.32%. The stock has shown a strong performance today, outperforming its sector by 2.71%, and has been on a consecutive gain streak for the last four days, accumulating a total return of 9.06% over this period. The stock reached an intraday high of Rs 583.95, although it also saw a low of Rs 551.25 during the day. Despite a year-to-date decline of 31.63% and a one-year drop of 32.28%, the stock's recent upward movement can be attributed to rising investor participation, with delivery volume increasing significantly, and its current valuation metrics, including a low debt-to-equity ratio and an attractive price-to-book value.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which only gained 0.49% over the past week. This contrast highlights the stock's recent recovery despite its long-term struggles, where it has underperformed the market over the past year. The company's flat results in September and low domestic mutual fund holdings suggest caution among institutional investors, which may impact future growth prospects. Overall, while the stock is currently rising, it faces challenges such as poor long-term growth and negative returns over the past year, indicating that investor sentiment may still be mixed.