Why is Atam Valves falling/rising?

As of 29-Oct, Atam Valves Ltd is experiencing a price increase, with its current price at Rs 99.58, reflecting a rise of 8.64 (9.5%). The stock has been gaining for the last three days, resulting in a total return of 11.94% during this period. It has outperformed its sector by 9.74% today. Additionally, the stock's performance over the past month shows a return of 11.04%, significantly higher than the Sensex's 5.76%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a positive trend, although it remains below the 200-day moving average. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 850.39% against the 5-day average.
In the broader market context, the stock's short-term performance over the past week is not available for comparison, but its one-month return of 11.04% is notably stronger than the Sensex's 5.76% return. This suggests that Atam Valves is gaining traction relative to the broader market. The liquidity of the stock is also favorable, as it is liquid enough for trading, which may contribute to its rising price. Overall, the combination of positive short-term returns, increased investor interest, and favorable trading conditions appears to be driving the stock's upward movement.