Why is SAIL falling/rising?

As of 26-Jun, Steel Authority Of India Ltd. (SAIL) is experiencing a price increase, currently at Rs 133.60, reflecting a rise of Rs 5.4 or 4.21%. The stock has shown strong performance today, outperforming its sector by 2.33% and reaching an intraday high of Rs 134. Additionally, SAIL has demonstrated positive returns over various periods, including a 6.88% increase over the past week and an 18.13% rise year-to-date. However, it is important to note that despite these gains, the stock has generated a negative return of -7.22% over the past year, with profits declining by 28.8%. The stock is currently trading above all its moving averages, indicating a bullish trend, although there has been a slight decrease in investor participation, with delivery volume falling by 2.06% against the 5-day average.
In the broader market context, SAIL's short-term performance has significantly outpaced the benchmark Sensex, which has risen by only 2.94% over the past week. This strong relative performance suggests that investor sentiment towards SAIL remains positive despite its recent struggles over the past year. The company's attractive valuation, with a return on capital employed (ROCE) of 5.3 and trading at a discount compared to peers, may also contribute to the stock's upward movement. However, the decline in profits and falling investor participation could pose challenges ahead, indicating a need for cautious optimism among investors.