Why is Indian Link Ch. falling/rising?

As of 15-Oct, Indian Link Chain Manufacturers Ltd is experiencing a price increase, currently at Rs. 1,999.20, reflecting a rise of Rs. 39.2 or 2.0%. The stock has been on an upward trend, gaining for the last six days with a total return of 12.52% during this period. Additionally, it has reached a new 52-week high today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 58.75% compared to the 5-day average, which may suggest a potential concern regarding sustained interest in the stock.
Broader Market Context: In the short term, Indian Link Chain Manufacturers Ltd has outperformed the benchmark Sensex, with a weekly return of 10.32% compared to the Sensex's 1.02%. Over the past month, the stock has shown a remarkable return of 32.37%, significantly higher than the Sensex's 1.00% gain. This strong performance relative to the benchmark indicates positive sentiment around the stock, despite the recent drop in delivery volume, which could affect future trading dynamics. Overall, the stock's rising price can be attributed to its strong performance metrics and positive technical indicators, although the decline in investor participation may warrant monitoring.