Why is SAIL falling/rising?

As of 23-Jul, Steel Authority Of India Ltd. is currently priced at 134.75, reflecting a decrease of 1.5, or 1.1%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.64% during this period. Despite this recent downturn, the stock has shown positive performance over the past month with a return of 6.61%, and it has significantly outperformed the benchmark Sensex over the year-to-date with a return of 19.14% compared to the Sensex's 5.87%. However, the stock's return over the past year is negative at -4.70%, which coincides with a substantial profit decline of 28.8%. The stock is currently trading at a discount relative to its peers, which may indicate attractive valuation, yet the recent performance suggests investor caution.
In the broader market context, the stock's short-term performance over the past week has been favorable compared to the Sensex, which only gained 0.11% during the same period while SAIL rose by 0.94%. This indicates that despite the recent price drop, the stock has been able to maintain a better performance relative to the benchmark in the short term. Additionally, rising investor participation, as evidenced by a significant increase in delivery volume, suggests that there is still interest in the stock despite its recent decline. The liquidity of the stock remains adequate for trading, which may provide some stability in the face of recent price fluctuations.