Why is Rish.Digh.Steel falling/rising?

As of 29-Oct, Rishabh Digha Steel & Allied Products Ltd is experiencing a price increase, currently at Rs 36.89, reflecting a rise of 1.24 or 3.48%. Despite this uptick today, the stock has shown a negative performance over the past week, down 2.92%, and has also underperformed on a monthly and yearly basis, with declines of 0.30% and 12.17%, respectively. Today's trading saw the stock open lower by 2.38%, but it reached an intraday high of Rs 37, indicating some recovery during the day. However, the stock's performance is tempered by a significant drop in investor participation, with delivery volume falling by 92.49% against the five-day average, suggesting a lack of confidence among investors.
Broader market context indicates that while the Sensex has gained 0.68% over the past week, Rishabh Digha Steel has lagged behind, highlighting a divergence in performance. The stock's moving averages show it is above the 5-day and 50-day averages but below the 20-day, 100-day, and 200-day averages, which may indicate mixed signals regarding its trend. The stock's liquidity remains adequate for trading, but the overall negative sentiment reflected in its year-to-date performance, down 3.51% compared to the Sensex's gain of 8.78%, suggests that broader market conditions are not favoring the stock despite today's brief rally.