Why is Refractory Shap. falling/rising?

As of 20-Oct, Refractory Shapes Ltd's stock price is currently at 42.25, reflecting an increase of 1.35, or 3.3%. The stock has outperformed its sector today by 2.44%, although it is still lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Notably, the stock has experienced a significant decline of 23.04% over the past month and a staggering 55.53% year-to-date. Additionally, there has been a concerning drop in investor participation, with delivery volume on 17 October falling by 93.98% compared to the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, the Sensex has shown a positive return of 2.44% over the past week and 2.04% over the past month, contrasting sharply with Refractory Shapes Ltd's performance. While the stock has seen a slight uptick today, its long-term performance remains poor, with a year-over-year decline of 63.58% compared to the Sensex's modest gain of 3.98%. This suggests that despite today's rise, the stock is struggling to regain investor confidence amidst a generally positive market environment.