Why is Sh. Steel Wire falling/rising?

As of 09-Oct, Shree Steel Wire Ropes Ltd's stock price is currently at Rs 28.61, reflecting an increase of Rs 1.2 or 4.38%. Today, the stock opened with a significant gain of 9.05% and reached an intraday high of Rs 29.89, although it also experienced a low of Rs 26.8, indicating high volatility with an intraday fluctuation of 5.43%. The stock has outperformed its sector by 2.05% today, and the delivery volume has increased by 83.61% compared to the 5-day average, suggesting rising investor participation. However, the stock's year-to-date performance remains negative at -27.39%, and it has underperformed the benchmark Sensex over the same period.
In the broader market context, Shree Steel Wire Ropes Ltd's recent performance contrasts with the Sensex, which has gained 5.16% year-to-date. Over the past week, the stock has outperformed the benchmark with a return of +7.68% compared to the Sensex's +1.47%. The steel sector, in which the company operates, has also seen a positive movement, gaining 2.36%. Despite the recent uptick in stock price and positive investor sentiment, the longer-term performance indicates challenges, as the stock has declined significantly over the past year and three years compared to the benchmark's returns.