Why is SAIL falling/rising?

As of 08-Jul, Steel Authority Of India Ltd. (SAIL) is experiencing a price increase, with its current price at 135.00, reflecting a change of 1.55 (1.16%) upward. Today's price summary indicates that SAIL has outperformed its sector by 1.42% and has shown a trend reversal by gaining after three consecutive days of decline. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has decreased by 77.81% compared to the 5-day average. Over the past year, the stock has generated a return of -13.71%, with profits falling by 28.8%, but it is trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, SAIL's short-term return over the past week is +1.24%, which is significantly better than the Sensex's minimal increase of +0.02%. This suggests that SAIL is gaining traction relative to the overall market, despite its longer-term struggles. The stock's year-to-date performance shows a robust gain of +19.36% compared to the Sensex's +7.13%, indicating strong recovery potential. The liquidity of the stock remains adequate for trading, which may also contribute to its recent price rise.