Why is Inv.& Prec.Cast. falling/rising?

As of 23-Jun, Investment & Precision Castings Ltd is experiencing a price increase, currently at Rs 1,038.85, which reflects a rise of Rs 46.0 or 4.63%. The stock has been performing well, having outperformed its sector by 3.65% today and is just 0.98% away from its 52-week high of Rs 1,049. Over the past two days, the stock has gained a total of 9.86%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock's year-to-date return stands at 8.79%, significantly higher than the Sensex's 4.81%, and over the past year, it has surged by 81.13%, showcasing robust performance.
In the broader market context, the stock's short-term return of 7.32% over the past week far exceeds the Sensex's modest gain of 0.12%, highlighting its strength relative to the market. The notable increase in investor participation, with delivery volume rising by 385.99% against the 5-day average, suggests growing confidence among investors. This liquidity, alongside consistent price gains, reinforces the stock's positive momentum. Overall, the combination of strong performance metrics, positive investor sentiment, and favorable trading conditions contributes to the stock's rising price.