Why is Newmalayalam St. falling/rising?

As of 22-Sep, Newmalayalam Steel Ltd is experiencing a rise in its stock price, currently at 36.45, reflecting an increase of 1.9 or 5.5%. The stock has outperformed its sector by 5.87% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 69.39% compared to the 5-day average. Year-to-date, the stock has seen a substantial decline of 52.78%, contrasting sharply with the Sensex, which has gained 6.59% during the same period.
In the broader market context, Newmalayalam Steel Ltd's short-term performance over the past week shows a return of 1.25%, which is notably higher than the Sensex's return of 0.53%. This suggests that while the stock is currently rising, it has struggled significantly over the longer term, as evidenced by its year-to-date performance. The stark contrast between the stock's performance and the benchmark indicates that despite today's positive movement, the overall sentiment around Newmalayalam Steel Ltd remains cautious due to its substantial losses in the year-to-date period.