Why is Rish.Digh.Steel falling/rising?

As of 15-Oct, Rishabh Digha Steel & Allied Products Ltd is experiencing a price increase, with the current price at Rs 38.00, reflecting a rise of Rs 3.27 or 9.42%. Today's price summary indicates that the stock has outperformed its sector by 8.38% and has gained after five consecutive days of decline. The stock reached an intraday high of Rs 38.25, showcasing significant volatility with an intraday fluctuation of 5.05%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 642.61% against the five-day average. However, the stock's year-to-date performance shows a decline of 0.60%, and over the past year, it has decreased by 14.89%, indicating mixed long-term performance.
In the broader market context, the stock's short-term return over the past week is +1.82%, which outpaces the Sensex's return of +1.02%. This suggests that while the stock is currently on an upward trend, it has struggled to keep pace with the benchmark over longer periods, particularly in the year-to-date and one-year comparisons. The stock's performance over three and five years shows significant gains of 66.30% and 90.95%, respectively, but these are overshadowed by the Sensex's stronger performance of 42.62% and 107.93% in the same periods. Overall, the recent price increase can be attributed to a combination of short-term recovery and increased trading activity, despite the stock's longer-term challenges.