Why is Kalana Ispat falling/rising?

As of 23-Sep, Kalana Ispat Ltd's stock price is currently at Rs. 39.45, reflecting an increase of Rs. 1.85 or 4.92%. Despite this positive movement today, the stock has experienced a decline of 10.14% over the past month and 11.15% year-to-date. The stock hit a new 52-week low of Rs. 30.1 earlier today, indicating significant downward pressure. However, it has outperformed its sector by 3.63% today, and there has been a notable increase in investor participation, with delivery volume rising by 595.65% compared to the 5-day average. The stock is currently trading below all its moving averages, which suggests a bearish trend in the longer term.
Broader market context shows that while Kalana Ispat has struggled recently, the benchmark Sensex has gained 1.20% over the past month and 6.45% year-to-date. This indicates that the stock's performance is lagging behind the broader market. The recent rise in price may be attributed to short-term trading activity and increased liquidity, as the stock remains liquid enough for trading. However, the overall negative returns over longer periods highlight ongoing challenges for the company compared to the market's performance.