Why is Shalimar Wires falling/rising?

As of 10-Nov, Shalimar Wires Industries Ltd is experiencing a price increase, currently at Rs 20.50, which reflects a rise of Rs 1.28 or 6.66%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and today it outperformed its sector by 4.69%. The stock reached an intraday high of Rs 21, marking a 9.26% increase. In terms of performance over different periods, the stock has increased by 3.27% over the past week, while it has seen a 6.77% rise over the past month. However, it is important to note that the stock is down 11.64% year-to-date and 19.67% over the past year. The rising investor participation, indicated by a 15.53% increase in delivery volume compared to the 5-day average, suggests growing interest in the stock, contributing positively to its recent price movement.
In the broader market context, the stock's short-term performance of +3.27% over the past week contrasts with the Sensex, which has declined by 0.53% during the same period. This indicates that Shalimar Wires is performing well relative to the overall market. Additionally, the sector in which the company operates, Metal - Non Ferrous, has gained by 2.19%, further supporting the stock's upward movement. Despite the stock's long-term underperformance compared to the benchmark, the current liquidity and trading activity suggest a favorable environment for the stock's price rise.