Why is Heera Ispat falling/rising?

As of 23-Oct, Heera Ispat Ltd's stock price is currently at 7.61, reflecting an increase of 0.11 or 1.47%. The stock has recently shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has underperformed in the longer term, with a year-to-date decline of 3.67% compared to the Sensex's gain of 8.21%. There is also a notable decrease in investor participation, with delivery volume falling by 56.66% against the five-day average, which may suggest waning interest among investors.
In the broader market context, the stock's performance over the past week shows a decline of 6.05%, while the Sensex has increased by 1.30%, highlighting a significant underperformance relative to the benchmark. This trend is consistent over the past month and year, where Heera Ispat has seen declines of 8.31% and 6.85%, respectively, compared to positive returns for the Sensex. The liquidity of the stock remains adequate for trading, but the overall negative sentiment and declining participation may continue to weigh on its price movements.