Why is SAIL falling/rising?

As of 15-Jul, Steel Authority Of India Ltd. (SAIL) is experiencing a price increase, currently at 134.85, reflecting a change of 0.65 or 0.48% upward. Today's price summary indicates that the stock has outperformed its sector by 0.41% and has shown a trend reversal by gaining after two consecutive days of decline. Additionally, SAIL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 44.99% compared to the 5-day average. Over the past year, while the stock has generated a return of -11.28%, its profits have decreased by 28.8%, suggesting that despite the recent uptick, the stock is still facing challenges. The stock is considered a hold due to its attractive valuation and trading at a discount compared to peers, but the decline in profits raises concerns.
In the broader market context, SAIL's short-term performance over the past week shows a slight decline of 0.11%, while the benchmark Sensex has fallen by 1.36%, indicating that SAIL has outperformed the market in this timeframe. However, over the past month, SAIL has gained 4.33%, significantly outperforming the Sensex's 1.79% increase. Year-to-date, SAIL has shown a robust return of 19.23%, compared to the Sensex's 5.67%, highlighting its strong performance relative to the broader market. Despite these positive indicators, the overall negative trend in profit generation and declining investor participation may temper the stock's upward momentum moving forward.