Why is Ace Men falling/rising?

As of 06-Aug, Ace Men Engg Works Ltd is experiencing a price increase, with the current price at Rs 63.73, reflecting a change of Rs 1.61 or 2.59% upward. The stock opened with a gain of 3.43% today and reached an intraday high of Rs 64.25. Despite this positive movement, the stock has shown a significant decline year-to-date, down 27.99%, although it has outperformed the sector by 2.81% today. The delivery volume has notably decreased by 88.08% against the 5-day average, indicating a drop in investor participation. The stock is currently trading above its 5-day and 20-day moving averages but below its longer-term moving averages, suggesting mixed signals in terms of momentum.
In the broader market context, Ace Men Engg Works Ltd has outperformed the Sensex in the short term, with a 1-week return of 9.88% compared to the Sensex's decline of 1.15%. However, over the past month, the stock has gained 3.39% while the Sensex has fallen by 3.46%, indicating a relative strength in the stock despite its overall year-to-date performance. The stock's liquidity remains adequate for trading, which may support its recent price increase, but the falling investor participation could pose challenges for sustained upward momentum.