Why is Owais Metal falling/rising?

As of 01-October, Owais Metal and Mineral Processing Ltd is experiencing a significant rise in its stock price, currently at 507.10, reflecting an increase of 84.5, or 20.0%. The stock has outperformed its sector by 19.71% today, and its performance over the past week shows a return of +14.87%, contrasting with a slight decline of -0.88% in the Sensex. However, despite this positive movement, the stock has seen a decline of -50.36% year-to-date and -63.80% over the past year, indicating a challenging longer-term trend. Additionally, the stock 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. There has been a decrease in investor participation, with delivery volume falling by -4.2% against the 5-day average, which may suggest caution among investors.
In the broader market context, Owais Metal's short-term performance has been notably stronger than the benchmark, as indicated by its 1-week return compared to the Sensex. While the stock has shown resilience in the short term, the overall market has been relatively stable, with the Sensex gaining +0.86% over the past month. The liquidity of the stock appears adequate for trading, as it is based on 2% of the 5-day average traded value. However, the significant year-to-date and annual declines highlight ongoing challenges that the company faces, which may temper investor enthusiasm despite the recent uptick in price.