Why is Welcast Steels falling/rising?

As of 18-Sep, Welcast Steels Ltd is currently priced at 1,095.95, reflecting an increase of 48.65 or 4.65%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and has outperformed its sector by 4.25%. Despite this daily gain, the stock's performance over the past month has been negative, with a decline of 2.41%, and a year-to-date drop of 18.76%. Additionally, the stock's delivery volume has significantly decreased, falling by 52.07% against the 5-day average, indicating a reduction in investor participation. The stock's moving averages suggest a mixed performance, being higher than the 5-day and 20-day averages but lower than the longer-term averages, which may reflect uncertainty in its longer-term outlook.
Broader Market Context: In the context of the broader market, the stock has outperformed the Sensex in the short term, with a weekly return of 4.36% compared to the Sensex's 1.80%. However, over the longer term, Welcast Steels has underperformed the benchmark, with a year-to-date return of -18.76% against the Sensex's positive 6.24%. This contrast highlights the stock's recent recovery in a short timeframe, yet it remains significantly behind the market's overall performance in the longer term, suggesting that while there may be short-term gains, broader market trends and investor sentiment could still be weighing on the stock's overall performance.