Why is Nova Iron &Steel falling/rising?

As of 08-Aug, Nova Iron & Steel Ltd's stock price is currently at 15.29, reflecting an increase of 0.3 or 2.0%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 5.67% during this period. Additionally, the stock has outperformed its sector by 3.02%. However, it is important to note that while the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below its 200-day moving average. The delivery volume has decreased significantly, falling by 32.23% against the 5-day average, indicating a decline in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Nova Iron & Steel's short-term performance over the past week shows a return of +1.06%, which contrasts with the Sensex's decline of -0.92%. This suggests that the stock is performing well relative to the broader market. Over the past month, Nova Iron & Steel has also outperformed the Sensex, with a return of +4.01% compared to the benchmark's -4.60%. Despite a year-to-date decline of 13.32% against the Sensex's gain of 2.20%, the recent positive momentum indicates a potential recovery phase for the stock in the short term.