Why is SAIL falling/rising?

As of 19-Sep, Steel Authority Of India Ltd. (SAIL) is experiencing a price increase, with the current price at Rs 136.20, reflecting a rise of 2.95 (2.21%). The stock has shown strong performance today, outperforming its sector by 2.01% and achieving a consecutive gain over the last two days with a total return of 2.68%. Additionally, SAIL has demonstrated impressive returns over various periods, including a 10.73% increase over the past month and a substantial 72.73% rise over the last three years. The stock is also trading above its moving averages across multiple time frames, indicating a bullish trend. Positive factors contributing to this movement include high institutional holdings at 20.96%, which have increased by 2.01% in the last quarter, suggesting confidence from knowledgeable investors. However, it is important to note that while the stock has generated a return of 7.67% over the past year, its profits have declined by 20.7%.
In the broader market context, SAIL's short-term performance is significantly better than the benchmark, as it has achieved a 2.99% return over the past week compared to the Sensex's 0.88% increase. This trend of outperformance is consistent with SAIL's long-term results, where it has surpassed the BSE500 index over the last three years, one year, and three months. The stock's liquidity is also favorable, with a delivery volume increase of 7.43% against the five-day average, further supporting its upward price movement. Overall, the combination of strong institutional support, positive short-term performance, and favorable trading conditions contributes to the stock's rising price.