Why is Sai Swami Metals falling/rising?

As of 24-Oct, Sai Swami Metals and Alloys Ltd is experiencing a price increase, with the current price at Rs 33.90, reflecting a rise of 1.34 or 4.12%. The stock has shown a positive performance today, outperforming its sector by 4.61% and achieving consecutive gains over the last two days, with a total return of 4.92% during this period. However, it opened the day with a loss of 4.79%, indicating initial selling pressure. The stock's performance over the past week shows a gain of 4.28%, while it has underperformed over the last month and year-to-date, with declines of 0.29% and 27.05%, respectively. There is a noted decrease in investor participation, with delivery volume falling by 33.33% against the 5-day average, which may suggest waning interest despite the recent uptick.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.31% over the past week, Sai Swami Metals has outperformed in the short term. However, the stock's longer-term performance is concerning, with a significant decline of 38.36% over the past year, while the Sensex has increased by 5.18%. This divergence indicates that while the stock is experiencing a short-term rally, it remains under pressure in the broader market context, as evidenced by its negative returns over longer periods. The liquidity of the stock appears adequate for trading, but the overall trend suggests that investor confidence may still be fragile.