Why is Nova Iron &Steel falling/rising?

As of 01-October, Nova Iron & Steel Ltd's stock price is currently at 14.72, reflecting a decrease of 0.26, or 1.74%. The stock has underperformed its sector today by 7.5%, and while it is higher than the 100-day moving average, it is lower than the 5-day, 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has declined by 5.03%, and year-to-date, it has dropped 16.55%. Despite a positive return of 1.38% over the past month, the stock has seen a significant decline of 43.75% over the past year. The delivery volume has increased by 129.04% against the 5-day average, indicating rising investor participation, but the absence of specific positive or negative factors limits a deeper analysis of the stock's recent movement.
In the broader market context, the Sensex has experienced a slight decline of 0.90% over the past week, which is less severe than Nova Iron & Steel's decline. The stock's year-to-date performance is notably worse than the Sensex, which has gained 3.64% during the same period. The metal sector, specifically ferrous metals, has gained by 5.95%, suggesting that the broader sector is performing well, yet Nova Iron & Steel is not capitalizing on this trend. Overall, the stock's recent performance reflects a combination of underperformance relative to both its sector and the broader market, contributing to its current downward price movement.