Why is Bimetal Bearings falling/rising?

As of 12-Sep, Bimetal Bearings Ltd. is experiencing a rise in its stock price, currently at Rs 655.00, reflecting an increase of Rs 13.25 or 2.06%. The stock has shown a positive trend today, outperforming its sector by 2.29% and marking a trend reversal after three consecutive days of decline. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. However, there has been a notable decrease in investor participation, with delivery volume falling by 15.23% against the 5-day average, which could suggest a lack of sustained buying interest despite the price increase.
In the broader market context, Bimetal Bearings has outperformed the Sensex over the past week, with a return of 2.90% compared to the benchmark's 1.48%. Over the past month, the stock has also shown significant strength, gaining 11.57% while the Sensex rose by only 2.08%. Despite these positive short-term returns, the stock has struggled year-to-date, down 4.84% compared to the Sensex's gain of 4.82%. This contrast highlights the stock's volatility and potential for recovery, particularly in light of its recent performance and moving averages, even as investor participation appears to be waning.