Why is Heera Ispat falling/rising?

As of 13-Nov, Heera Ispat Ltd's stock price is currently at 8.49, reflecting an increase of 0.63, or 8.02%. The stock has outperformed its sector today by 9.06%, and it is 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 significant decline in investor participation, with delivery volume dropping by 99.08% compared to the 5-day average. In terms of returns, the stock has shown a 6.39% increase over the past week, while its year-to-date performance stands at 7.47%, although it has underperformed over the past year with a decline of 8.41%.
In the broader market context, the Sensex has increased by 1.40% over the past week and 8.11% year-to-date, suggesting that while Heera Ispat is performing well in the short term, it has lagged behind the benchmark in longer-term comparisons, particularly over the past year and three years. The stock's recent rise may be attributed to its strong performance relative to the sector, despite the notable drop in trading volume, which could indicate a lack of sustained investor interest. Overall, while the stock is currently rising, the significant decrease in delivery volume raises concerns about its long-term sustainability.