Why is Newmalayalam St. falling/rising?

As of 17-Sep, Newmalayalam Steel Ltd's stock price is currently at 35.60, reflecting an increase of 0.6 or 1.71%. The stock has shown a strong performance today, outperforming its sector by 1.97%. However, despite this positive movement, the stock has experienced a decline of 2.20% over the past month and a significant year-to-date drop of 53.89%. Additionally, the stock's delivery volume has decreased by 51.09% compared to the 5-day average, indicating falling investor participation. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, but it remains below its 200-day moving average, suggesting mixed signals regarding its longer-term trend.
In the broader market context, Newmalayalam Steel Ltd's short-term performance over the past week has been notably strong, with a return of 9.54%, significantly outperforming the Sensex, which only increased by 1.43% during the same period. However, the stock's year-to-date performance contrasts sharply with the benchmark, which has risen by 7.13%. This divergence highlights the challenges the company faces despite recent gains, as it continues to struggle with overall investor confidence and participation. The lack of available positive or negative dashboard data further complicates the understanding of the stock's recent movements.