Why is Shalimar Wires falling/rising?

As of 18-Sep, Shalimar Wires Industries Ltd is experiencing a decline in its stock price, currently at 21.29, which reflects a decrease of 0.19 or 0.88%. The stock has fallen after two consecutive days of gains, indicating a potential trend reversal. Despite this recent downturn, the stock has shown a positive performance over the past week and month, with increases of 3.45% and 3.55%, respectively. However, it has underperformed significantly on a year-to-date basis, down 8.23%, and over the past year, down 33.01%. The stock's moving averages indicate it is currently above the 5-day, 20-day, 50-day, and 100-day averages but below the 200-day average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 35.07% against the 5-day average, suggesting a growing interest in the stock.
In the broader market context, the stock's short-term performance has outpaced the benchmark Sensex over the past week and month, which have seen returns of 1.80% and 2.14%, respectively. However, the year-to-date performance of Shalimar Wires is considerably weaker compared to the Sensex, which has gained 6.24% during the same period. This disparity highlights the challenges faced by the company despite some recent positive movements. Overall, while there are signs of increased trading activity and short-term gains, the stock's longer-term performance remains a concern, contributing to its current price decline.