Why is NMDC Steel falling/rising?

As of 19-Sep, NMDC Steel Ltd's stock price is currently at Rs 46.90, reflecting an increase of Rs 1.76 or 3.9%. The stock has shown a positive trend today, gaining after four consecutive days of decline, and has outperformed its sector by 3.7%. It reached an intraday high of Rs 47.2, which is a 4.56% increase. Over the past week, the stock has risen by 1.27%, and over the past month, it has surged by 17.99%. The company has reported strong financial results, with net sales growth of 18.57% and positive results for the last two consecutive quarters, which has likely contributed to the stock's upward movement. Additionally, high institutional holdings at 20.57% suggest confidence from knowledgeable investors, further supporting the stock's performance.
In the broader market context, NMDC Steel's recent performance has outpaced the Sensex, which has increased by only 0.88% over the past week. This indicates that the stock is gaining traction relative to the overall market. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 46.49% compared to the five-day average, which could be a concern for future liquidity. Despite this, the stock's ability to trade above its moving averages indicates a positive trend, and the strong financial fundamentals may continue to attract investors, helping to sustain its recent gains.