Why is Newmalayalam falling/rising?

As of 10-Jun, Newmalayalam Steel Ltd's stock price is currently at 33.85, reflecting an increase of 1.6, or 4.96%. The stock has shown strong performance today, outperforming its sector by 4.96%. Over the past week, it has surged by 27.02%, significantly outpacing the Sensex, which only increased by 2.29%. However, despite this recent uptick, the stock has a year-to-date decline of 56.15%, indicating a challenging overall performance. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, but below its 100-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 53.85% compared to the 5-day average, which may indicate a reduction in buying interest.
In the broader market context, Newmalayalam Steel Ltd's impressive short-term return of 27.02% over the past week stands in stark contrast to the Sensex's modest gain of 2.29%. This suggests that while the stock is experiencing a temporary surge, it is still grappling with a significant year-to-date decline compared to the benchmark's 6.17% increase. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. However, the lack of available positive or negative factors in the dashboard limits a deeper understanding of the underlying reasons for the stock's recent movement.