Why is Bihar Sponge falling/rising?

As of 23-Sep, Bihar Sponge Iron Ltd's stock price is currently at 13.10, reflecting an increase of 0.2, or 1.55%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. The stock has underperformed the benchmark Sensex over the past week, month, year-to-date, and year, with significant declines of 5.69% over the last week and 21.32% year-to-date. However, there has been a rise in investor participation, with delivery volume increasing by 2.8% against the 5-day average, suggesting some renewed interest in the stock.
Broader Market Context: In comparison to the Sensex, which has seen a slight decline of 0.34% over the past week, Bihar Sponge's performance has been notably worse, indicating that the stock is struggling relative to the broader market. The Sensex has gained 0.98% over the past month, while Bihar Sponge has declined by 7.09%, highlighting a significant disparity in performance. This context suggests that while there may be some short-term recovery in Bihar Sponge's stock price, the overall trend remains negative compared to the market, reflecting broader challenges faced by the company.