Why is Indef Manufactur falling/rising?

As of 06-Oct, Indef Manufacturing Ltd's stock price is rising, currently at Rs 384.65, reflecting an increase of Rs 18.3 or 5.0%. The stock has shown strong performance recently, outperforming its sector by 5.43% today and achieving a consecutive gain over the last two days with a total return of 9.03% in that period. Additionally, it 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 decline in investor participation, with delivery volume falling by 14.92% against the 5-day average, which may suggest some caution among investors.
In the broader market context, Indef Manufacturing's stock has outperformed the Sensex over the past week, with a return of 6.23% compared to the benchmark's 1.77%. Over the past month, the stock has also shown a strong return of 6.82%, while the Sensex has only increased by 1.34%. This indicates that the stock is gaining traction relative to the overall market, contributing to its upward price movement. The absence of any negative dashboard factors suggests that there are no significant headwinds affecting the stock's performance at this time.