Why is Kalyani Cast-Tec falling/rising?

As of 17-Jul, Kalyani Cast-Tech Ltd is experiencing a price increase, currently at Rs 543.20, which reflects a rise of Rs 5.7 or 1.06%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 5.48% during this period. It has outperformed its sector by 0.62% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 24.6% compared to the 5-day average, indicating a potential concern for future momentum.
Broader Market Context: In the short term, Kalyani Cast-Tech has shown a strong performance, with a 1-week return of 2.68%, while the benchmark Sensex has declined by 1.12% during the same period. Over the past month, the stock has increased by 6.80%, significantly outperforming the Sensex, which has only risen by 0.83%. Year-to-date, Kalyani Cast-Tech has achieved a return of 19.32%, compared to the Sensex's 5.27%, highlighting its robust performance relative to the broader market.