Why is Atlas Cycles falling/rising?

As of 29-Aug, Atlas Cycles (Haryana) Ltd is experiencing a price increase, currently at Rs 134.80, reflecting a rise of 3.4 or 2.59%. The stock has shown strong performance recently, gaining 16.01% over the last six days and outperforming its sector by 2.42% today. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 13.27% compared to the 5-day average, which may suggest some caution among investors despite the stock's upward movement.
In the broader market context, Atlas Cycles has significantly outperformed the benchmark Sensex, with a 1-week return of +12.47% compared to the Sensex's -1.84% and a year-to-date return of +84.91% against the Sensex's +2.14%. This stark contrast highlights the stock's strong performance relative to the overall market, contributing to its rising price. The positive momentum in the stock, coupled with its ability to maintain higher returns than the benchmark, suggests that investor sentiment remains favorable despite the recent drop in trading volume.