Why is Kalyani Cast-Tec falling/rising?

As of 10-Jun, Kalyani Cast-Tech Ltd is experiencing a price increase, currently at Rs 499.00, reflecting a rise of Rs 17.0 or 3.53%. The stock has shown strong performance recently, gaining 10.89% over the past week and 35.97% over the past month. It has been on a consecutive gain streak for the last five days, and today it opened with a gap up of 2.7%. The stock reached an intraday high of Rs 519.95, indicating robust trading activity. Additionally, Kalyani Cast-Tech is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. There has also been a notable increase in investor participation, with delivery volume rising by 3.23% against the 5-day average.
In the broader market context, Kalyani Cast-Tech's short-term return of 10.89% over the past week significantly outperforms the Sensex, which has only increased by 2.05% during the same period. This strong performance relative to the benchmark indicates that investor sentiment towards Kalyani Cast-Tech is particularly favorable. The stock's liquidity is adequate for trading, further supporting its price movement. Overall, the combination of positive price momentum, increased trading volume, and strong relative performance against the benchmark contributes to the stock's rising trend.