Why is Newmalayalam St. falling/rising?

As of 10-Sep, Newmalayalam Steel Ltd's stock price is currently at 32.50, reflecting a decrease of 0.5, or 1.52%. The stock has underperformed its sector by 1.63% today, and while it is trading higher than the 50-day and 100-day moving averages, it is lower than the 5-day, 20-day, and 200-day moving averages. The stock has experienced a significant decline of 4.41% over the past week, contrasting with a positive return of 16.07% over the past month. Additionally, the year-to-date performance shows a substantial drop of 57.90%. Despite this, there has been a rise in investor participation, with a delivery volume increase of 17.65% compared to the 5-day average, indicating some interest in trading the stock.
In the broader market context, the Sensex has gained 1.04% over the past week and 2.50% over the past month, highlighting that Newmalayalam Steel Ltd's recent performance is lagging behind the benchmark. The stock's year-to-date decline of 57.90% starkly contrasts with the Sensex's positive return of 5.62%, suggesting that the company's challenges are more pronounced than those faced by the overall market. The absence of specific positive or negative factors in the dashboard limits the ability to pinpoint exact reasons for the stock's movement, but the overall underperformance relative to the benchmark indicates a lack of investor confidence in the company's prospects.