Why is Shalimar Wires falling/rising?

As of 24-Sep, Shalimar Wires Industries Ltd is currently priced at 20.52, reflecting a slight increase of 0.02 (0.1%). The stock has shown a trend reversal, gaining after four consecutive days of decline. However, it is trading below all key moving averages, indicating a bearish trend. In terms of performance against benchmarks, the stock has underperformed in the short term with a 1-week return of -4.47% compared to the Sensex's -1.18%, but it has shown a modest gain of 0.64% over the past month, slightly outperforming the Sensex's 0.50%. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 31.05% against the 5-day average, which may contribute to the stock's recent price movements.
Broader market context reveals that while Shalimar Wires has struggled year-to-date with a decline of 11.55%, the broader market, represented by the Sensex, has gained 4.58% in the same period. Over the past year, the stock has significantly underperformed, with a decline of 27.16% compared to the Sensex's minor drop of 3.77%. Despite the recent uptick in price, the overall trend suggests that investor sentiment remains cautious, influenced by the stock's historical performance and declining trading volumes, which may hinder its recovery in the near term.