Why is SAIL falling/rising?

As of 01-Jul, Steel Authority Of India Ltd. (SAIL) is currently priced at 133.35, reflecting an increase of 1.4 or 1.06%. The stock has shown positive momentum, gaining for the last two days with a total return of 1.29% during this period. Additionally, SAIL has outperformed its sector by 0.81%. In terms of longer-term performance, the stock has returned 1.99% over the past week and 3.25% over the past month, while it has significantly outperformed the benchmark Sensex over the year-to-date with a return of 17.90% compared to the Sensex's 7.11%. However, it is important to note that the stock has seen a decline of 10.53% over the past year, alongside a substantial drop in profits of 28.8%. Despite these challenges, SAIL is trading at attractive valuations compared to its peers, which may support its recent price movement.
Broader Market Context: The stock's recent performance is relatively strong when compared to the benchmark Sensex, which has increased by 2.00% over the past week and 2.76% over the past month. While SAIL's short-term gains are slightly lower than the benchmark, its year-to-date performance indicates a robust recovery compared to the broader market. However, the falling investor participation, as indicated by a 57.14% drop in delivery volume, suggests a potential concern regarding liquidity and investor interest. Overall, while SAIL is experiencing a rise in price, the mixed signals from its longer-term performance and declining participation may warrant caution among investors.