Why is Nova Iron &Steel falling/rising?

As of 10-Sep, Nova Iron & Steel Ltd's stock price is currently at 15.00, reflecting a decrease of 0.05, or 0.33%. The stock has recently outperformed its sector by 1.82%, despite experiencing a trend reversal after two consecutive days of gains. In terms of returns, the stock has shown a 4.17% increase over the past week and a 4.53% increase over the past month, although it has a year-to-date decline of 14.97% and a significant one-year decline of 41.36%. The stock's moving averages indicate that it is performing better than the 5-day, 20-day, 50-day, and 100-day averages, but is still below the 200-day average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 643.91% compared to the 5-day average, indicating heightened interest in the stock.
In the broader market context, Nova Iron & Steel's recent performance contrasts with the benchmark Sensex, which has gained 1.06% over the past week and 1.96% over the past month. While the stock has outperformed the sector recently, the overall market sentiment appears to be more favorable, as evidenced by the Sensex's positive returns. The metal sector, specifically ferrous, has seen a decline of 2.15%, which may be influencing the stock's price movement negatively. Overall, despite some positive indicators such as increased investor participation and short-term gains, the stock's long-term performance remains concerning, contributing to its current downward price movement.