Why is Indo Farm Equip. falling/rising?

As of 07-Aug, Indo Farm Equipment Ltd is experiencing a price increase, with its current price at Rs 203.95, reflecting a rise of Rs 17.25 or 9.24%. The stock has outperformed its sector by 10.63% today and reached an intraday high of Rs 211.05, which is a 13.04% increase. Despite this positive movement, the stock has shown a decline of 1.95% over the past week, while it has gained 12.12% over the past month. However, there has been a significant drop in investor participation, with delivery volume falling by 56.65% compared to the 5-day average, indicating a potential concern for sustained momentum. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically suggests a bullish trend.
In the broader market context, Indo Farm Equipment's recent performance contrasts with the Sensex, which has declined by 0.69% over the past week and 3.38% over the past month. This indicates that while the stock is rising, it is doing so against a backdrop of a generally declining market. The stock's ability to outperform the sector and maintain liquidity, with a trading value sufficient for a trade size of Rs 0.08 crore, suggests that it may be attracting interest despite the broader market challenges. Overall, the combination of strong short-term performance and the current market conditions contributes to the stock's upward movement.