Why is Panchmahal Steel falling/rising?

As of 07-Aug, Panchmahal Steel Ltd's stock price is rising, currently at 257.00, reflecting an increase of 5.0 or 1.98%. The stock has shown a positive trend today, outperforming its sector by 1.72% and reversing a decline after two consecutive days of falling prices. Over the past week, the stock has increased by 0.19%, and it has performed significantly better than the benchmark Sensex over the past month, with a return of 12.99% compared to the Sensex's decline of 3.38%. However, there has been a notable decrease in investor participation, as the delivery volume on 06 August fell by 69.67% against the 5-day average, which may indicate a cautious sentiment among investors.
In the broader market context, while Panchmahal Steel has shown resilience with a year-to-date return of 1.18% compared to the Sensex's 3.18%, its performance over the longer term has been impressive, with a 1-year return of 26.35% versus the Sensex's 1.45%. This suggests that while the stock is currently experiencing upward movement, the overall market conditions may be affecting investor confidence, as indicated by the falling delivery volumes. The stock remains liquid enough for trading, but the decline in participation could pose a challenge for sustained growth moving forward.