Why is Nova Iron &Steel falling/rising?

As of 07-Aug, Nova Iron & Steel Ltd is experiencing a price increase, with its current price at 14.99, reflecting a rise of 0.49 or 3.38%. The stock has outperformed its sector by 4% today and has shown consecutive gains over the last two days, accumulating a total return of 3.59% during this period. However, despite this recent uptick, the stock has a year-to-date decline of 15.02% and a significant one-year drop of 32.17%. Additionally, the delivery volume has decreased by 27.83% compared to the five-day average, indicating a potential decline in investor participation, which could impact future price movements.
In the broader market context, the Sensex has shown a slight decline of 0.69% over the past week, while Nova Iron & Steel's performance has been relatively better with a decrease of only 2.03% in the same timeframe. Over the past month, the stock has gained 1.01%, contrasting with the Sensex's drop of 3.38%. This suggests that while the stock is currently rising, it has struggled significantly over the longer term compared to the benchmark, which has gained 3.18% year-to-date. The stock's performance relative to the benchmark indicates a mixed outlook, as it has recently shown positive movement but remains down significantly over the longer term.