Why is NMDC falling/rising?

As of 09-Sep, NMDC Ltd's stock price is currently at 74.65, reflecting a slight increase of 0.14 or 0.19%. The stock has been performing well, having outperformed its sector by 0.45% today and showing a consecutive gain over the last three days with a total return of 1.72% during this period. Additionally, NMDC has demonstrated strong performance over various time frames, with a 1-week return of 2.50% and a year-to-date return of 13.19%. The stock is trading above its moving averages across multiple time frames, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 40.77% compared to the 5-day average. The company boasts a high dividend yield of 5.11% and strong long-term fundamentals, including a robust return on equity of 27.77% and a low debt-to-equity ratio.
In the broader market context, NMDC's recent performance has outpaced the benchmark Sensex, which has only increased by 1.18% over the past week. This trend is further supported by the stock's consistent returns over the last three years, where it has outperformed the BSE500 in each of the last three annual periods. Despite some risks, such as flat results in June and a low debtors turnover ratio, the stock's high institutional holdings at 26.69% suggest confidence from larger investors who are better equipped to analyze the company's fundamentals. Overall, NMDC's strong financial metrics and positive market sentiment contribute to its rising stock price.