Why is Kalyani Forge falling/rising?

As of 01-Jul, Kalyani Forge Ltd's stock price is currently at 754.50, reflecting an increase of 8.5, or 1.14%. The stock has been gaining momentum, having outperformed its sector by 2.33% today and achieving a consecutive gain over the last two days with a total return of 2.43%. Over the past year, Kalyani Forge has delivered a remarkable return of 39.94%, significantly higher than the BSE500 benchmark, while its profits have surged by 82.9%. The company has also reported positive results for the last three consecutive quarters, with a notable growth in profit after tax, which has contributed to its favorable valuation compared to peers. However, there has been a decline in investor participation, as evidenced by a 35.99% drop in delivery volume against the five-day average.
In the broader market context, Kalyani Forge's short-term performance shows a 1.47% increase over the past week, which is lower than the Sensex's 2.00% rise during the same period. Despite this, the stock has demonstrated consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods. The stock's liquidity remains adequate for trading, and it is currently trading above all key moving averages, indicating a positive trend. Overall, while the stock is experiencing a rise, the decline in delivery volume suggests some caution among investors, which could impact future performance.