Why is Newmalayalam St. falling/rising?

As of 07-Aug, Newmalayalam Steel Ltd's stock price is currently at Rs 28.05, reflecting a decrease of Rs 0.55 or 1.92%. The stock has underperformed its sector by 2.18% today, and it has shown erratic trading patterns, not trading on 3 out of the last 20 days. The stock touched an intraday high of Rs 30, which represents a 4.9% increase, but overall, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 50% compared to the 5-day average. The stock's year-to-date performance shows a substantial decline of 63.67%, while it has gained only 0.36% over the past month. In the broader market context, Newmalayalam Steel Ltd's recent performance contrasts with the Sensex, which has increased by 4.02% year-to-date. Over the past week, the stock has declined by 3.44%, while the Sensex has only fallen by 0.70%. This indicates that the stock is not only underperforming relative to the market but also struggling significantly compared to its benchmark. The lack of positive factors and the notable decline in trading activity suggest that investor sentiment is weak, contributing to the stock's downward trajectory.