Why is Forge Auto falling/rising?

As of 05-Aug, Forge Auto International Ltd is experiencing a price increase, currently at 136.60, reflecting a rise of 4.85 or 3.68%. The stock has shown strong performance today, outperforming its sector by 5.38% and opening with a gain of 4.9%. It reached an intraday high of Rs 138.3, indicating positive trading momentum. Over the past week, the stock has increased by 1.19%, and over the past month, it has surged by 54.26%. However, there is a notable decline in investor participation, with delivery volume dropping by 50% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
Broader market context shows that while Forge Auto has performed well, the Sensex has declined by 0.69% over the past week and by 3.19% over the past month. This contrast highlights the stock's strong relative performance against the broader market. Year-to-date, Forge Auto has gained 77.52%, significantly outpacing the Sensex's modest 4.25% increase. The stock's consistent trading above various moving averages suggests a bullish trend, although the erratic trading pattern, with one day of inactivity in the last 20 days, indicates some volatility in investor interest. Overall, the stock's rise is supported by strong returns and positive trading activity, despite the recent drop in delivery volume.