Why is Owais Metal falling/rising?

As of 12-Sep, Owais Metal and Mineral Processing Ltd is experiencing a price increase, currently at 492.55, which reflects a rise of 13.7 or 2.86%. The stock has shown a strong performance today, outperforming its sector by 1.95%. In terms of returns, the stock has increased by 14.10% over the past week, while it has seen a modest gain of 3.30% over the past month. However, it is important to note that the stock has a year-to-date decline of 51.79% and a significant drop of 64.44% over the past year. Additionally, the stock's delivery volume has decreased by 15.21% compared to the 5-day average, indicating a fall in investor participation, which could impact future price movements.
In the broader market context, the Sensex has risen by 1.51% over the past week and 2.56% over the past month, suggesting that while Owais Metal is outperforming its sector in the short term, its year-to-date and yearly performance is significantly lagging behind the benchmark, which has gained 6.21% year-to-date and is down only 1.08% over the past year. This contrast highlights the challenges faced by Owais Metal, as it struggles to recover from substantial losses despite recent positive movements. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 0.03 crore.