Why is Amic Forging falling/rising?

As of 17-Jul, Amic Forging Ltd's stock price is currently at Rs 1,640.00, reflecting an increase of Rs 28.0 or 1.74%. The stock has shown a strong performance over the past month with a return of +3.86%, significantly outperforming the Sensex, which only gained +0.83%. Today's trading saw the stock reach an intraday high of Rs 1,648, indicating positive momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 63.8% compared to the 5-day average, which may indicate some caution among investors. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend despite the recent drop in trading volume.
Broader Market Context: In the short term, Amic Forging's performance has been slightly negative over the past week, with a return of -1.29%, while the Sensex has also declined by -1.12%. However, the stock has significantly outperformed the benchmark on a year-to-date basis, with a return of +21.05% compared to the Sensex's +5.27%. This indicates that while there may be short-term fluctuations, the overall trend for Amic Forging remains strong relative to the broader market, reflecting investor confidence in its longer-term prospects despite the recent dip in trading activity.