Why is Sarthak Metals falling/rising?

As of 17-Nov, Sarthak Metals Ltd is currently priced at 100.90, reflecting an increase of 0.35 (0.35%). The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. The stock is also 4.81% away from its 52-week low of Rs 96.05. Despite a recent outperformance against its sector by 1.53%, the delivery volume has significantly decreased by 57% compared to the 5-day average, suggesting falling investor participation. Year-to-date, the stock has declined by 36.30%, contrasting with the Sensex's gain of 8.72%.
In the broader market context, Sarthak Metals' short-term performance over the past week shows a slight decline of 0.25%, while the Sensex has increased by 1.69%. This underperformance highlights the stock's struggles relative to the benchmark index. Over the past month, however, Sarthak Metals has outperformed the Sensex with a return of 2.33% compared to the index's 1.19%. Overall, while there are some positive indicators in the short term, the stock's long-term performance remains weak, and the significant drop in trading volume raises concerns about investor confidence.