Why is Zenith Steel falling/rising?

As of 27-Oct, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 9.32, which reflects a decrease of 0.49 or 4.99%. The stock has underperformed its sector today by 6.08% and has been on a downward trend for the last two days, accumulating a total loss of 5.76% during this period. Despite this recent decline, the stock has shown strong performance over the past month, with a return of 32.39%, and has consistently traded above its moving averages across various time frames. However, there has been a notable drop in investor participation, with delivery volume falling by 55.8% compared to the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, while Zenith Steel has seen a 1-week return of -0.11%, the benchmark Sensex has gained 0.49% during the same period, suggesting that the stock is lagging behind the overall market. Year-to-date, Zenith Steel has outperformed the Sensex with a return of 16.06% compared to the benchmark's 8.50%. This contrast highlights that while the stock has had a strong performance over a longer horizon, its recent struggles may be attributed to decreased trading activity and investor interest, which could be affecting its price negatively in the short term.