Why is Newmalayalam St. falling/rising?

As of 15-Sep, Newmalayalam Steel Ltd's stock price is currently at 36.00, reflecting an increase of 1.7, or 4.96%. The stock has outperformed its sector today by 4.09%, and its delivery volume has surged by 950% compared to the 5-day average, indicating rising investor participation. In terms of returns, the stock has shown a positive performance over the past week with a gain of 9.09%, although it has declined by 1.10% over the past month and has a significant year-to-date drop of 53.37%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, but remains below its 200-day moving average.
In the broader market context, the Sensex has increased by 1.20% over the past week, suggesting that while Newmalayalam Steel Ltd is performing well in the short term, it is still facing challenges in the longer term, as evidenced by its year-to-date performance compared to the benchmark's 6.02% increase. The stock's recent rise can be attributed to increased trading activity and positive short-term returns, but it continues to struggle with a significant decline over the year, highlighting a contrast between its immediate performance and longer-term trends.