Why is Owais Metal falling/rising?

As of 10-Sep, Owais Metal and Mineral Processing Ltd is experiencing a price increase, with its current price at 512.45, reflecting a rise of 4.65 or 0.92%. The stock has shown a significant short-term performance, with a 1-week return of +23.04% and a 1-month return of +17.04%, both outperforming the Sensex, which has returned +1.04% and +2.50% respectively over the same periods. Today's price summary indicates that the stock is performing in line with its sector, and it is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 97.35% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, while Owais Metal has had a strong short-term performance, it is important to note that its year-to-date return is significantly negative at -49.84%, contrasting sharply with the Sensex's positive return of +5.62% during the same period. This indicates that while the stock is currently experiencing a rebound, it has faced substantial challenges over the longer term, as evidenced by its 1-year return of -61.90% compared to the Sensex's slight decline of -0.27%. The liquidity of the stock is adequate, allowing for trades of a size of Rs 0.03 crore, which may contribute to its recent price movements. Overall, despite the recent uptick, the stock's long-term performance remains a concern.