Why is Niraj Cement falling/rising?

As of 10-Nov, Niraj Cement Structurals Ltd is experiencing a price increase, with its current price at Rs 31.20, reflecting a change of 2.78 (9.78%) upward. Today's price summary indicates that the stock has outperformed its sector by 9.61% and has shown a trend reversal after two consecutive days of decline. It opened with a significant gain of 8.8% and reached an intraday high of Rs 31.25. However, despite this positive movement, the stock's performance over the past month shows a decline of 11.14%, and year-to-date, it has fallen by 56.58%. Additionally, there has been a decrease in investor participation, with delivery volume falling by 12.78% against the five-day average, which may indicate some caution among investors.
Broader Market Context: In the short term, Niraj Cement's performance has been notably better than the benchmark, as it gained 7.55% over the past week while the Sensex declined by 0.53%. This contrast highlights a temporary strength in the stock relative to the broader market. However, over longer periods, the stock has underperformed significantly compared to the Sensex, with a year-to-date decline of 56.58% against a 6.91% increase in the benchmark. This broader context suggests that while there may be short-term optimism reflected in today's price movement, the long-term outlook remains challenging for Niraj Cement amidst a generally rising market.