Why is Bihar Sponge falling/rising?

As of 23-Oct, Bihar Sponge Iron Ltd's stock price is currently at 13.15, reflecting a slight increase of 0.04, or 0.31%. The stock has shown a strong performance recently, gaining 7.88% over the last three days and outperforming its sector by 0.82%. Additionally, the stock's one-week return stands at 7.70%, which is significantly higher than the Sensex's 1.30% increase during the same period. The delivery volume has also seen a notable rise, increasing by 138.22% against the five-day average, indicating heightened investor interest. However, the stock remains below its 50-day, 100-day, and 200-day moving averages, suggesting that while it is experiencing short-term gains, it may still face challenges in the longer term.
Broader market context shows that while Bihar Sponge Iron Ltd has performed well in the short term, its year-to-date return is down 21.02%, contrasting with the Sensex's positive return of 8.21%. This indicates that despite recent gains, the stock has struggled significantly over a longer timeframe. The stock's performance over the past three years has been strong at 55.62%, outpacing the Sensex's 42.57%, which may contribute to investor confidence in its recovery potential. Overall, while the stock is currently rising, its historical performance and current liquidity suggest a complex picture influenced by both recent positive trends and longer-term challenges.