Why is Bihar Sponge falling/rising?

As of 17-Sep, Bihar Sponge Iron Ltd's stock price is currently at 13.83, reflecting a decrease of 0.06, or 0.43%. The stock has experienced a trend reversal, falling after two consecutive days of gains. In terms of performance, the stock has underperformed against the benchmark Sensex, with a 1-week return of -2.40% compared to the Sensex's +1.56%. Additionally, the stock's year-to-date return stands at -16.94%, while the Sensex has gained 5.83%. Although the stock's delivery volume has increased by 55.16% against the 5-day average, indicating rising investor participation, it remains lower than the longer-term moving averages, suggesting a lack of sustained upward momentum.
Broader Market Context: The broader market context shows that while the Sensex has been performing positively, Bihar Sponge Iron Ltd has struggled significantly over various time frames, particularly with a 1-year return of -43.09%. This stark contrast highlights the stock's underperformance relative to the market. The liquidity of the stock is adequate for trading, but the overall negative returns and recent price decline indicate that investor sentiment may be cautious, especially given the stock's recent trend reversal and its inability to maintain gains in the face of broader market strength.