Why is Uni Abex Alloy falling/rising?

As of 06-Oct, Uni Abex Alloy Products Ltd is currently priced at Rs. 3,657.05, reflecting a decrease of Rs. 5.95 or 0.16%. The stock reached a new 52-week high of Rs. 3,995 earlier in the day, marking a significant intraday gain of 9.06%. However, it has underperformed its sector by 0.67% and has experienced a trend reversal after three consecutive days of gains. Despite this decline, the stock has shown impressive performance over various periods, with a year-to-date return of 35.09% and a remarkable 390.32% increase over the past three years. The rising investor participation, indicated by a substantial increase in delivery volume, suggests a strong interest in the stock, although the weighted average price indicates more volume was traded closer to the low price.
In the broader market context, Uni Abex Alloy's short-term performance has significantly outpaced the benchmark Sensex, which has only gained 1.77% over the past week compared to the stock's impressive 13.70% increase. This indicates that while the stock is currently experiencing a slight decline, its overall momentum remains strong relative to the market. The liquidity of the stock is also favorable, allowing for trades of small sizes, which may contribute to its resilience despite the recent price drop. Overall, while the stock is facing a minor setback today, its long-term performance and investor interest remain robust.