Why is Owais Metal falling/rising?

As of 16-Jul, Owais Metal and Mineral Processing Ltd's stock price is currently at 560.55, reflecting an increase of 10.95, or 1.99%. The stock has recently outperformed its sector by 5.99%, indicating a positive movement today. Despite this, the stock has shown a significant decline over the past month, down 16.73%, and a year-to-date drop of 45.13%. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, but below its 100-day and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 91.99% against the 5-day average, suggesting growing interest despite the overall negative trend in the longer term.
In the broader market context, the stock's performance over the past week has been worse than the benchmark, with a decline of 4.07% compared to the Sensex's drop of only 1.04%. This indicates that while the stock has seen a slight uptick today, it is still struggling relative to the overall market trends. The year-to-date performance shows a stark contrast, with the stock down 45.13% while the Sensex has gained 6.63%, highlighting the challenges faced by Owais Metal in the current market environment. Overall, while today's performance is positive, the longer-term trends and comparisons to the benchmark suggest ongoing difficulties for the company.