Why is Atam Valves falling/rising?

As of 31-Oct, Atam Valves Ltd is experiencing a price increase, with its current price at Rs 102.63, reflecting a rise of Rs 7.46 or 7.84%. The stock has shown strong performance today, outperforming its sector by 8.47% and reaching an intraday high of Rs 110.97, which is a 16.6% increase. Despite the positive movement, the stock has been highly volatile, with an intraday volatility of 5.03%. Over the past week, Atam Valves has returned +15.37%, significantly outperforming the Sensex, which has declined by 0.32%. However, it is important to note that the stock has seen a decline of 24.54% year-to-date and 21.05% over the past year, indicating a challenging longer-term trend. The delivery volume has also decreased by 7.12% against the 5-day average, suggesting a potential decline in investor participation.
In the broader market context, Atam Valves' short-term performance has been notably strong compared to the Sensex, which has only gained 3.65% over the past month. This contrast highlights the stock's recent resilience despite its longer-term struggles. The overall market sentiment appears to be mixed, as the stock has been liquid enough for trading, but the falling investor participation could indicate caution among traders. The stock's ability to trade above its moving averages suggests a bullish sentiment in the short term, yet the significant volatility and declining delivery volumes raise concerns about sustainability in this upward trend.