Why is Owais Metal falling/rising?

As of 09-Sep, Owais Metal and Mineral Processing Ltd is experiencing a price increase, with its current price at 507.80, reflecting a rise of 38.5 or 8.2%. The stock has shown strong performance today, outperforming its sector by 8.46%. Additionally, the stock's delivery volume has significantly increased by 157.42% compared to the 5-day average, indicating rising investor participation. Over the past week, the stock has gained 18.89%, while it has also seen a 15.98% increase over the past month. However, it is important to note that the stock is down 50.30% year-to-date and 60.64% over the past year, suggesting a challenging longer-term trend.
In the broader market context, the Sensex has only increased by 1.18% over the past week and 2.07% over the past month, indicating that Owais Metal's short-term performance is significantly stronger than the benchmark. Despite its recent gains, the stock remains below its 100-day and 200-day moving averages, which may suggest potential resistance levels ahead. The liquidity of the stock is adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 0.02 crore. Overall, while the stock is currently rising, its long-term performance remains a concern compared to the broader market trends.