Why is NMDC Steel falling/rising?

As of 28-Oct, NMDC Steel Ltd is experiencing a price increase, currently priced at Rs 47.66, reflecting a rise of Rs 2.05 or 4.49%. The stock has shown strong performance today, outperforming its sector by 2.71% and achieving consecutive gains over the last three days, with an overall return of 8.59% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Investor participation has also increased, with a delivery volume of 32.07 lacs on 27 Oct, which is 120.14% higher than the 5-day average, suggesting heightened interest in the stock.
In the broader market context, NMDC Steel's short-term return of 8.24% over the past week significantly outpaces the Sensex's return of just 0.24%, indicating strong relative performance. Over the past month, NMDC Steel has achieved a return of 6.31%, compared to the Sensex's 5.22%, further highlighting its strength in the market. Year-to-date, the stock has risen by 10.40%, while the Sensex has increased by 8.30%, reinforcing the stock's positive momentum in comparison to the benchmark.