Why is Delta Industrial falling/rising?

As of 16-Oct, Delta Industrial Resources Ltd is experiencing a price increase, currently at Rs 16.00, reflecting a rise of Rs 1.3 or 8.84%. The stock opened with a significant gain of 5.37% today and reached an intraday high of Rs 16, outperforming its sector by 8.96%. Over the past week, the stock has shown a positive return of 6.74%, although it has declined by 0.68% over the past month. Year-to-date, it has gained 13.23%, contrasting with a substantial year-over-year decline of 18.07%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decrease in investor participation, with delivery volume dropping by 94.65% compared to the 5-day average, which may raise concerns about sustainability in the price increase.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.58% over the past week, Delta Industrial's performance has significantly outpaced this index. The stock's recent rise can be attributed to its strong short-term performance relative to the benchmark, highlighting investor interest despite the drop in delivery volume. The broader market context shows that while Delta Industrial has been volatile over the longer term, it is currently benefiting from a favorable short-term trend, which is reflected in its substantial price increase today.