Why is Kalana Ispat falling/rising?

As of 04-Sep, Kalana Ispat Ltd is experiencing a slight increase in its stock price, currently at 44.90, reflecting a change of 0.25 or 0.56% upward. The stock has shown strong performance in the short term, with a 1-week return of 8.72% and a 1-month return of 12.11%, significantly outperforming the Sensex, which only increased by 0.95% and 0.05% in the same periods, respectively. Additionally, Kalana Ispat 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 notable decline in investor participation, with delivery volume dropping by 45.65% compared to the 5-day average, which may raise concerns about the sustainability of the stock's upward movement.
In the broader market context, while Kalana Ispat has outperformed the benchmark in the short term, its year-to-date return of 1.13% lags behind the Sensex's 4.61% increase, suggesting that the stock may not be fully capitalizing on broader market gains. The liquidity of the stock remains adequate, allowing for trades, but the significant drop in delivery volume could indicate waning investor interest. Overall, while the stock is currently rising, the combination of strong short-term performance and declining participation may pose challenges for its continued upward trajectory.