Why is Newmalayalam St. falling/rising?

As of 13-Oct, Newmalayalam Steel Ltd's stock price is currently at 32.50, reflecting an increase of 0.7, or 2.2%. The stock has shown a performance today that outperformed its sector by 2.84%. However, despite this positive movement, the stock has experienced a decline of 5.25% over the past month and a significant year-to-date drop of 57.90%. Additionally, the stock's delivery volume has decreased by 23.08% compared to the 5-day average, indicating falling investor participation. The stock is currently trading above its 5-day, 50-day, and 100-day moving averages, but below its 20-day and 200-day moving averages, suggesting mixed signals regarding its short-term trend.
In the broader market context, Newmalayalam Steel Ltd's short-term return of +6.91% over the past week significantly outpaces the Sensex, which has only increased by 0.60% during the same period. This indicates that while the stock is experiencing a short-term rebound, it is still struggling with longer-term performance, as evidenced by its year-to-date decline compared to the Sensex's gain of 6.69%. The lack of available positive or negative factors further complicates the analysis of the stock's recent movements, leaving a gap in understanding the underlying reasons for its fluctuations.