Why is India Steel falling/rising?

As of 06-Aug, India Steel Works Ltd is experiencing a price increase, with the current price at Rs. 11.36, reflecting a rise of 0.54 (4.99%). The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last seven days with a total return of 40.07% during this period. Additionally, the stock has outperformed its sector by 5.54%. Over various time frames, the stock has shown impressive returns, including a 122.75% increase year-to-date and a staggering 212.09% rise over the past year. The rising investor participation is evident with a delivery volume increase of 178.08% compared to the 5-day average, indicating strong demand for the stock.
In terms of broader market context, while India Steel Works Ltd has shown remarkable short-term performance, gaining 27.35% over the past week, the benchmark Sensex has declined by 1.15% during the same period. This stark contrast highlights the stock's strength relative to the overall market. The liquidity of the stock is also favorable, as it is liquid enough for trades of Rs. 0.05 crore based on 2% of the 5-day average traded value. Overall, the combination of strong performance metrics, increased investor interest, and favorable trading conditions contributes to the stock's rising price.