Why is Newmalayalam St. falling/rising?

As of 19-Sep, Newmalayalam Steel Ltd's stock price is currently at 34.55, reflecting an increase of 1.25 or 3.75%. The stock has outperformed its sector today by 3.55%. However, despite this positive movement, the stock has shown a significant year-to-date decline of 55.25%. The stock's performance today is higher than the 20-day, 50-day, and 100-day moving averages, but it is lower than the 5-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 73.96% compared to the 5-day average, indicating a potential concern for sustained interest in the stock.
In the broader market context, the stock's short-term return over the past week is +0.73%, which is slightly below the benchmark Sensex's return of +0.85%. This suggests that while Newmalayalam Steel Ltd has shown some positive movement recently, it is not keeping pace with the overall market. The year-to-date performance starkly contrasts with the Sensex, which has gained 7.11% during the same period, highlighting the challenges faced by Newmalayalam Steel Ltd in attracting investor confidence amidst a recovering market.