Why is NMDC Steel falling/rising?

As of 24-Sep, NMDC Steel Ltd's stock price is currently at 46.43, reflecting a decrease of 0.66 or 1.4%. The stock has shown a positive performance over the past week, with a return of 2.43%, and has outperformed the benchmark Sensex, which fell by 1.18%. However, today the stock underperformed its sector by 1.27%. Despite this, NMDC Steel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The company has reported strong financial results, including an 18.57% growth in net sales and significant improvements in profitability metrics, which may support investor confidence. However, a notable decline in delivery volume by 28.79% against the 5-day average suggests a decrease in investor participation.
In the broader market context, NMDC Steel's year-to-date return of 7.55% surpasses the Sensex's return of 4.58%, indicating a relatively strong performance compared to the overall market. Nonetheless, the stock's one-year return of -12.10% contrasts with the Sensex's decline of only 3.77%, highlighting a longer-term underperformance. The high institutional holdings at 20.57% may provide some stability, as these investors typically have more resources to analyze company fundamentals. Overall, while recent financial results are positive, the decline in trading volume and the stock's underperformance today may be contributing to the current price movement.