Why is Kalyani Steels falling/rising?

As of 08-Jul, Kalyani Steels Ltd is experiencing a price increase, currently at 951.50, reflecting a rise of 7.35 or 0.78%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It has outperformed its sector by 1.04% today and is trading above all key moving averages, indicating positive momentum. However, there has been a notable decrease in investor participation, with delivery volume falling by 55.88% compared to the five-day average. Despite a year-to-date decline of 18.40%, the stock has performed well over the past month, gaining 19.64%, which suggests a recovery phase. The company’s recent financial results indicate strong performance, with record net sales and operating profit margins, contributing to a fair valuation despite a negative one-year return.
In the broader market context, Kalyani Steels has outperformed the Sensex in the short term, with a 1W return of 0.15% compared to the benchmark's 0.02%. While the stock has faced challenges over the year, its long-term performance remains robust, with a 3Y return of 217.70% and a 5Y return of 309.86%, significantly surpassing the Sensex's returns in the same periods. This long-term strength, combined with positive recent financial results and a low debt-to-equity ratio, supports the stock's current upward movement, despite the recent drop in trading volume and overall year-to-date performance.