Why is P S Raj Steels falling/rising?

As of 18-Jul, P S Raj Steels Ltd is experiencing a decline in its stock price, currently at Rs 162.00, which reflects a decrease of Rs 2.75 or 1.67%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 5.19% and 5.71% respectively. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally upward trend in the longer term. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 11.11% against the 5-day average. However, the stock has underperformed its sector by 1.99% today, which may contribute to the current price decline.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.72% over the past week. While P S Raj Steels has outperformed the benchmark in the short term, the overall market sentiment may still be affecting its price negatively today. The stock is also close to its 52-week high, just 1.85% away, which could indicate a resistance level that is impacting its ability to maintain upward momentum. Overall, while the stock has shown strong returns in the short term, the combination of sector underperformance and broader market conditions may be contributing to its current price decline.