Why is Steel Exchange falling/rising?

As of 19-Sep, Steel Exchange India Ltd's stock price is currently at 10.54, reflecting an increase of 0.29 or 2.83%. Today's price summary indicates that the stock has outperformed its sector by 2.63% and has experienced a trend reversal, gaining after three consecutive days of decline. Despite a year-to-date return of 3.13%, the stock has faced a significant drop of 18.48% over the past year. However, its profits have risen by 77.7%, and with a PEG ratio of 0.5, the stock is considered to have an attractive valuation. It is trading at a discount compared to its peers' average historical valuations, which may contribute to the recent positive movement.
In the broader market context, the stock's performance over the past week shows a decline of 0.28%, while the benchmark Sensex has increased by 0.88%. This indicates that Steel Exchange has underperformed the market in the short term. However, over the past month, the stock has outperformed the benchmark, gaining 2.73% compared to the Sensex's 1.20%. The falling investor participation, with a 33.3% decrease in delivery volume, may pose a concern for future price movements, but the stock's liquidity remains sufficient for trading activities.