Why is Chaman Metallics falling/rising?

As of 07-Nov, Chaman Metallics Ltd is experiencing a price increase, with the current price at Rs. 175.15, reflecting a rise of Rs. 14.1 or 8.76%. The stock has recently hit a new 52-week and all-time high of Rs. 180, indicating strong upward momentum. It has outperformed its sector by 7.53% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. However, there is a notable decline in investor participation, with delivery volume dropping by 74.23% compared to the 5-day average, which may indicate a potential concern for sustainability in this price rise. Unfortunately, there is no information available regarding positive or negative factors that could further clarify the stock's recent movement.
In the broader market context, Chaman Metallics has shown impressive short-term performance, with a 1-week return of +9.47%, significantly outperforming the Sensex, which has declined by 0.89% during the same period. Over the past month, the stock has increased by 15.99%, while the Sensex has only gained 1.53%. Year-to-date, Chaman Metallics has risen by 29.36%, compared to the Sensex's 7.81% increase, highlighting its strong relative performance. This outperformance in both short-term and longer-term metrics suggests that investor sentiment remains positive towards Chaman Metallics, despite the recent drop in trading volume.