Why is Owais Metal falling/rising?

As of 12-Jun, Owais Metal and Mineral Processing Ltd is experiencing a price increase, currently at 700.85, reflecting a rise of 25.8 or 3.82%. The stock has shown strong performance today, outperforming its sector by 5.99%. Additionally, the stock's delivery volume has significantly increased by 91.99% compared to the 5-day average, indicating rising investor participation. Over the past week, the stock has gained 25.03%, while it has also outperformed the benchmark Sensex, which only increased by 0.55%. However, it is important to note that the stock's year-to-date performance remains negative at -31.40%, contrasting with the Sensex's positive return of 5.26%.
In the broader market context, Owais Metal's recent short-term performance is notably strong compared to the benchmark, as it has significantly outperformed the Sensex over the past week. Despite this, the stock's longer-term performance remains concerning, with declines of -44.78% over the past year, while the Sensex has gained 6.71%. This discrepancy highlights a potential recovery phase for Owais Metal, as indicated by the recent uptick in price and trading activity, although the overall trend still reflects substantial losses in the longer term.