Why is Rish.Digh.Steel falling/rising?

As of 19-Nov, Rishabh Digha Steel & Allied Products Ltd is experiencing a price increase, currently at Rs 37.00, reflecting a rise of Rs 1.98 or 5.65%. Today's trading performance indicates that the stock outperformed its sector by 5.46%, despite opening with a loss of 2%. The stock has shown high volatility, with an intraday range of Rs 3.68 and a significant increase in delivery volume, which rose by 109.51% compared to the 5-day average. However, it has also demonstrated erratic trading, having not traded on one day out of the last 20. In terms of returns, the stock has increased by 5.56% over the past month, although it remains down 3.22% year-to-date and 7.38% over the past year.
Broader market context shows that while Rishabh Digha Steel has outperformed the sector today, its one-week return is down by 1.96%, contrasting with the Sensex, which has gained 0.85% in the same period. The stock's year-to-date performance is notably weaker than the benchmark, which has risen by 9.02%. Despite this, the stock's strong performance over the last three years, with a gain of 65.18%, suggests a potential for recovery. The current liquidity levels indicate that the stock is liquid enough for trading, which may support its recent price increase.