Why is Modern Steels falling/rising?

As of 28-Jul, Modern Steels Ltd is experiencing a price increase, with its current price at 18.48, reflecting a change of 0.4 or 2.21% upward. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a recent outperformance against its sector by 3.31%, the stock's delivery volume has significantly decreased by 65.77% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 5.28%, while it has performed better over the past month with a gain of 14.36%. Year-to-date, the stock is down 2.74%, and over the past year, it has decreased by 4.00%. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages.
In the broader market context, the Sensex has declined by 1.59% over the past week, which suggests that Modern Steels' recent performance is relatively strong compared to the benchmark. However, the stock's year-to-date performance is lagging behind the Sensex, which has gained 3.52%. The stock's positive movement today may reflect a temporary recovery amidst a generally negative trend in the market, as indicated by its recent outperformance and the trend reversal. Overall, while there are signs of recovery, the substantial drop in investor participation could pose challenges for sustained upward momentum.