Why is Shalimar Wires falling/rising?

As of 17-Nov, Shalimar Wires Industries Ltd is experiencing a price increase, currently at 21.74, which reflects a rise of 0.87 or 4.17%. The stock has shown a positive trend today, outperforming its sector by 4.51% and marking a reversal after three consecutive days of decline. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decrease in investor participation, with delivery volume dropping by 70% compared to the 5-day average. Year-to-date, the stock is down 6.29%, but it has shown strong performance over the past three years with a return of 49.93%.
In the broader market context, Shalimar Wires has outperformed the Sensex in the short term, with a 1-week return of 5.59% compared to the Sensex's 1.69%. This indicates that while the stock has struggled year-to-date and over the past year, its recent performance suggests a potential recovery phase. The overall market sentiment appears to be more favorable for Shalimar Wires in the short term, despite the decline in investor participation, which could impact liquidity and trading dynamics moving forward.