Why is Newmalayalam St. falling/rising?

As of 06-Oct, Newmalayalam Steel Ltd is currently priced at 30.40, showing no change (0.00%). The stock has underperformed significantly over various periods, with a 1-week decline of 1.94%, a 1-month drop of 9.25%, and a year-to-date decrease of 60.62%. Despite this, today's performance indicates a slight positive movement, as it has outperformed its sector by 1.08%. However, the stock is trading below all its moving averages, which suggests a bearish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 66.67% compared to the 5-day average, indicating some renewed interest. Unfortunately, there is no information available regarding positive or negative factors that could further clarify the stock's recent movement.
In the broader market context, Newmalayalam Steel Ltd's short-term performance has been unfavorable when compared to the benchmark, as the Sensex has gained 1.80% over the past week while the stock has declined by 1.94%. This trend continues with the stock's year-to-date performance, which is down 60.62%, contrasting sharply with the Sensex's increase of 6.06%. The significant underperformance relative to the benchmark highlights the challenges faced by Newmalayalam Steel Ltd in the current market environment, despite some positive signs in trading activity today.