Why is Zenith Steel falling/rising?

As of 10-Oct, Zenith Steel Pipes & Industries Ltd is experiencing a slight increase in its stock price, currently at 9.05, with a change of 0.01 (0.11%) upwards. The stock has shown strong performance recently, gaining 30.97% over the last seven days and outperforming its sector by 1%. Additionally, it is trading above all key moving averages, indicating positive momentum. The stock has also seen a significant increase in investor participation, with delivery volume rising by 249.27% compared to the five-day average. Year-to-date, the stock has returned 12.70%, which is notably higher than the Sensex's 5.58% during the same period.
In the broader market context, Zenith Steel's short-term performance of +27.82% over the past week significantly outpaces the Sensex's modest gain of +1.59%. This indicates that investor sentiment towards Zenith Steel is particularly strong compared to the overall market. Despite a decline of 5.83% over the past year, the stock's impressive three-year return of +62.48% and five-year return of +814.14% suggest a long-term positive outlook, which may be contributing to the current upward price movement. Overall, the combination of strong recent performance, increased trading activity, and favorable comparisons to the benchmark supports the stock's rising trend.