Why is Poojawes. Metal. falling/rising?

As of 24-Oct, Poojawestern Metaliks Ltd is experiencing a price increase, currently at Rs 36.50, which reflects a rise of Rs 1.32 or 3.75%. The stock opened with a gain of 2.02% today and reached an intraday high of Rs 36.79, marking a 4.58% increase. Despite this positive movement, there has been a significant decline in investor participation, with delivery volume dropping by 66.45% compared to the 5-day average. The stock has outperformed its sector by 2.34% today and is trading above all key moving averages, indicating a strong short-term performance. However, the stock's year-to-date return is only 4.64%, and it has seen a substantial decline of 23.83% over the past year.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.31% over the past week, Poojawestern Metaliks Ltd has outperformed with a return of 5.64%. Over the past month, the stock has shown a remarkable gain of 19.67%, while the Sensex has only risen by 3.05%. This indicates that the stock is currently performing well relative to the broader market, particularly in the short term. Despite the recent gains, the longer-term performance remains a concern, as the stock has underperformed the benchmark significantly over the past year and three years.