Why is SAIL falling/rising?

As of 22-Jul, Steel Authority Of India Ltd. is currently priced at 136.25, reflecting a decrease of 0.75, or 0.55%. The stock has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The stock's performance over the past week shows a gain of 1.04%, while it has increased by 7.03% over the past month. However, it has generated a return of -5.05% over the past year, with profits declining by 28.8%. The stock is considered to have an attractive valuation, trading at a discount compared to its peers, which may support its price despite recent fluctuations.
In the broader market context, the Sensex has shown a slight decline of 0.47% over the past week, while SAIL's performance has outpaced this benchmark. The stock's year-to-date return of 20.47% significantly exceeds the Sensex's 5.18%, indicating strong relative performance. Additionally, rising investor participation, with a delivery volume increase of 15.04% against the 5-day average, suggests growing interest in the stock. Despite the recent price drop, the liquidity remains adequate for trading, which may help stabilize the stock in the near term.