Why is Manaksia Steels falling/rising?

As of 10-Nov, Manaksia Steels Ltd is experiencing a price increase, with its current price at Rs 61.20, reflecting a rise of 1.83 (3.08%). The stock has outperformed its sector by 2.56% today and reached an intraday high of Rs 61.44, marking a 3.49% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there is a notable decline in investor participation, with delivery volume dropping by 47.47% compared to the 5-day average. The stock has shown a positive return of 7.65% over the past week, while its performance over the last month is a modest 2.02%, contrasting with a year-to-date return of 1.64%.
In the broader market context, the Sensex has seen a slight decline of 0.53% over the past week, while Manaksia Steels has significantly outperformed this benchmark. Over the past year, the stock has underperformed with a decline of 4.87%, while the Sensex has increased by 5.09%. Despite this, the stock has demonstrated impressive long-term growth, with a 3-year return of 64.52% compared to the Sensex's 37.82% and a remarkable 518.18% increase over the past five years against the benchmark's 93.02%. This indicates that while the stock may be facing some short-term challenges, its long-term performance remains strong relative to the market.