Why is Newmalayalam St. falling/rising?

As of 12-Sep, Newmalayalam Steel Ltd's stock price is currently at 34.30, reflecting an increase of 1.65, or 5.05%. The stock has shown a positive performance today, outperforming its sector by 5.08%. Additionally, it has experienced a 1-week return of +2.39% and a significant 1-month return of +19.51%, indicating strong short-term momentum. However, it is important to note that the stock has seen a decline of 55.57% year-to-date. The stock's moving averages indicate that it is performing better than the 5-day, 20-day, 50-day, and 100-day averages, but it remains below the 200-day average. Despite this positive movement, there has been a notable decrease in investor participation, with delivery volume falling by 21.05% compared to the 5-day average.
In the broader market context, the stock's recent performance has outpaced the Sensex, which has only gained 1.51% over the past week and 2.56% over the past month. This suggests that Newmalayalam Steel Ltd is currently gaining traction relative to the overall market. However, the year-to-date performance remains concerning, as the stock has significantly underperformed compared to the Sensex's 6.21% gain. The liquidity of the stock appears adequate for trading, but the decline in delivery volume may indicate waning investor interest, which could impact future price movements.