Why is East India Drums falling/rising?

As of 05-Aug, East India Drums & Barrels Manufacturing Ltd is experiencing a significant rise in its stock price, currently at Rs. 111.05, reflecting an increase of Rs. 28.15 or 33.96%. The stock has reached a new 52-week high today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there are concerns regarding erratic trading patterns, as the stock did not trade on 5 out of the last 20 days, and there has been a notable decline in investor participation, with delivery volume dropping by 76.74% against the 5-day average. Despite these challenges, the company has reported positive financial results for the quarter ending September 24, with the highest PBDIT, PBT, and PAT figures recorded, which may contribute to the stock's upward momentum.
In the broader market context, the stock's performance over the past month shows a remarkable increase of 55.05%, contrasting sharply with the Sensex, which has declined by 3.26% in the same period. This strong relative performance indicates that East India Drums is outperforming the market significantly. Additionally, over the past three years, the stock has surged by an astonishing 22,563.27%, while the Sensex has only increased by 38.23%. This substantial outperformance suggests that investor sentiment towards East India Drums remains positive, despite some liquidity concerns and falling participation in trading.