Why is Forge Auto falling/rising?

As of 20-Jun, Forge Auto International Ltd is experiencing a price increase, currently at 96.00, reflecting a rise of 5.0 or 5.49%. The stock has shown strong performance recently, with a 1-week return of +6.67% and a 1-month return of +23.08%, significantly outperforming the Sensex, which has returned +1.59% and +1.74% over the same periods, respectively. Additionally, the stock 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 notable decline in investor participation, with delivery volume dropping by 44.44% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, while Forge Auto has outperformed the Sensex in the short term, the overall market has shown modest gains, with the Sensex up 1.59% in the past week. This indicates that the stock's rise is not solely driven by broader market trends but rather by specific factors related to the company itself. Despite the positive price movement, the decline in delivery volume may raise questions about the stock's liquidity and investor confidence moving forward. Overall, the combination of strong returns and technical indicators supports the stock's upward movement, even as participation wanes.