Why is South. Magnesium falling/rising?

As of 06-Aug, Southern Magnesium & Chemicals Ltd is experiencing a price increase, with its current price at Rs 158.00, reflecting a rise of Rs 5.15 or 3.37%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. It opened with a gain of 2.03% and reached an intraday high of Rs 158.75, indicating positive momentum. Additionally, the stock has outperformed its sector by 3.44%. Despite a year-to-date decline of 39.46%, the stock has seen a significant increase of 21.59% over the past month, suggesting a recovery phase. The rising investor participation, with a 24.29% increase in delivery volume compared to the five-day average, further supports the stock's upward movement.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.15% over the past week. While the stock has outperformed the benchmark in the short term, it still reflects a significant year-to-date drop compared to the Sensex's 3.08% increase. The stock's liquidity remains adequate for trading, as it is based on 2% of the five-day average traded value, indicating that it is liquid enough for trades of Rs 0 crore. Overall, the combination of a positive trend reversal, increased trading volume, and outperformance against the sector contributes to the stock's rising price.