Why is SAIL falling/rising?

As of 11-Jul, Steel Authority Of India Ltd. is currently priced at 134.40, reflecting a decrease of 0.4, or 0.3%. The stock has shown mixed performance recently, with a 1-week return of -0.37% and a 1-month return of +0.98%. Although it outperformed its sector by 0.36% today, the stock's delivery volume has significantly decreased by 57.75% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock has a year-to-date return of +18.83%, it has experienced a decline of -11.43% over the past year, with profits down by 28.8%. The stock is trading at a discount compared to its peers, which may suggest an attractive valuation, but the overall negative return over the past year could be weighing on investor sentiment.
In the broader market context, the Sensex has declined by 1.12% over the past week, while SAIL's performance has been slightly better, indicating that it has held up relatively well compared to the benchmark. However, the stock's long-term performance shows a stark contrast, with a 3-year return of +85.38% compared to the Sensex's +51.67%, and a remarkable 5-year return of +263.73% against +125.45% for the benchmark. This suggests that while SAIL has historically outperformed the market, recent trends and declining investor participation may be contributing to its current price movement.