Why is Bharat Wire falling/rising?

As of 15-Sep, Bharat Wire Ropes Ltd is currently priced at 167.95, reflecting an increase of 0.75 or 0.45%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this upward movement today, the stock has underperformed in the short term, with a 1-week return of -2.35% and a 1-month return of -5.30%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. However, there has been a notable increase in investor participation, with delivery volume rising by 21.08% against the 5-day average, suggesting some renewed interest in the stock.
In the broader market context, Bharat Wire's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.24% over the past week and 1.47% over the past month. This indicates that while Bharat Wire is experiencing a slight uptick today, it has been lagging behind the overall market trends. The stock's year-to-date decline of -20.85% compared to the Sensex's gain of 4.67% further emphasizes its underperformance. Overall, while today's price movement shows a minor recovery, the stock's longer-term trajectory remains concerning against both its historical performance and the broader market.