Why is Hariom Pipe falling/rising?

As of 18-Sep, Hariom Pipe Industries Ltd is currently priced at Rs 538.50, reflecting an increase of Rs 3.2, or 0.6%. The stock has shown a strong performance recently, with a 14.77% increase over the past week and an 8.75% rise over the past month. Despite a significant drop of 28.04% over the past year, the stock has outperformed the benchmark Sensex in the short term. Today's trading saw the stock reach an intraday high of Rs 560.75, indicating positive momentum, although there has been a decline in investor participation, with delivery volume falling by 27.66% compared to the five-day average. The stock is also trading above its moving averages across various time frames, which is generally a positive sign.
In the broader market context, the Sensex has increased by 1.80% over the past week and 2.14% over the past month, indicating that while Hariom Pipe has outperformed the benchmark in the short term, it still faces challenges given its long-term performance. The liquidity of the stock remains adequate for trading, suggesting that while there are fluctuations in investor participation, the stock is still accessible for trades. Overall, the combination of recent price increases, strong short-term returns relative to the benchmark, and the current liquidity position contributes to the stock's rising price.