Why is Panchmahal Steel falling/rising?

As of 20-Aug, Panchmahal Steel Ltd is experiencing a price increase, currently at Rs 268.50, reflecting a rise of Rs 8.5 or 3.27%. The stock has shown strong performance today, outperforming its sector by 2.29% and has been on a consecutive gain for the last two days, accumulating a total return of 3.35% during this period. Additionally, the stock opened with a gain of 3.46% and reached an intraday high of Rs 269. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 48.5% compared to the 5-day average. While the stock has generated a return of 20.43% over the past year, it faces challenges such as poor long-term growth, decreasing promoter confidence, and negative financial results.
In the broader market context, Panchmahal Steel's short-term performance has outpaced the benchmark Sensex, which has increased by 1.64% over the past week compared to the stock's 2.31% gain. The stock's strong returns over various periods, including a 7.34% increase over the last month and an impressive 82.22% over the last three years, highlight its market-beating performance. However, the company's long-term growth concerns, including a decline in profits and a reduction in promoter stake, may temper investor enthusiasm despite the recent price rise.