Why is NMDC Steel falling/rising?

As of 15-Sep, NMDC Steel Ltd is currently priced at 46.18, reflecting a decrease of 0.13, or 0.28%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. Despite this decline, NMDC Steel has shown strong performance over the past week and month, with returns of 6.65% and 15.22%, respectively. However, it underperformed its sector today by 1.15%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 7.18% against the five-day average. On a positive note, the company has reported significant growth in net sales and operating profit, which may contribute to investor confidence despite the recent price drop.
Broader market context indicates that while NMDC Steel has underperformed today, it has outpaced the Sensex over the past week and month, suggesting a relatively strong position compared to the broader market. The stock's year-to-date performance shows a gain of 6.97%, compared to the Sensex's 4.67%, indicating that NMDC Steel has been performing well in the context of the overall market. The high institutional holdings at 20.57% may also provide some stability, as these investors typically have a better understanding of the company's fundamentals, potentially supporting the stock in the long term despite its recent fluctuations.