Why is Bihar Sponge falling/rising?

As of 14-Nov, Bihar Sponge Iron Ltd's stock price is currently at 12.95, reflecting an increase of 0.25 or 1.97%. The stock has shown positive momentum, gaining for the last three days with a total return of 3.11% during this period. Additionally, it has outperformed its sector by 2.72%. In terms of returns compared to the benchmark, the stock has increased by 5.37% over the past week and 5.46% over the past month, while it has underperformed year-to-date and over the past year with declines of 22.22% and 13.90%, respectively. However, there has been a noted decrease in investor participation, with delivery volume falling by 12.23% against the five-day average, which may indicate a potential concern for sustained upward movement.
Broader Market Context: The stock's recent performance has outpaced the Sensex, which has only increased by 1.62% over the past week and 3.09% over the past month. This suggests that while Bihar Sponge Iron Ltd is experiencing a positive short-term trend, it is still facing challenges in the longer term, as evidenced by its significant year-to-date decline compared to the benchmark's gain of 8.22%. The liquidity of the stock appears adequate for trading, but the falling delivery volume could signal caution among investors, potentially impacting future price movements.