Why is Chennai Ferrous falling/rising?

As of 19-Sep, Chennai Ferrous Industries Ltd is experiencing a slight increase in its stock price, currently at 137.75, reflecting a change of 0.55 or 0.4% upward. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 41.78% compared to the 5-day average. Over the past week, the stock has gained 1.70%, outperforming the Sensex, which increased by 0.88%. In the last month, Chennai Ferrous has risen by 8.89%, again surpassing the Sensex's 1.20% gain.
In the broader market context, while Chennai Ferrous has shown positive short-term returns, it has underperformed over the longer term, with a 3-year decline of 19.16% compared to the Sensex's significant gain of 39.71%. Year-to-date, the stock has increased by 4.75%, which is slightly below the Sensex's 5.74% rise. This suggests that while the stock is currently on an upward trajectory, its long-term performance remains a concern, potentially affecting investor sentiment and participation.