Why is Kalyani Forge falling/rising?

As of 17-Oct, Kalyani Forge Ltd's stock price is currently at 759.70, reflecting an increase of 14.45, or 1.94%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 6.3% during this period. It opened today with a gain of 3.19% and reached an intraday high of Rs 787.85, indicating strong upward momentum. Despite this, there has been a notable decline in investor participation, with delivery volume dropping by 51.57% compared to the five-day average. The stock is trading above its moving averages across various time frames, which typically suggests a bullish trend. However, the absence of specific positive or negative factors in the dashboard limits a comprehensive understanding of the influences on the stock's movement.
Broader market context shows that Kalyani Forge's performance over the past week has been slightly negative at -2.86%, contrasting with the Sensex, which has gained 1.76% during the same period. However, over the longer term, Kalyani Forge has significantly outperformed the benchmark, with a year-to-date return of 11.16% compared to the Sensex's 7.44%. This indicates that while the stock may be experiencing short-term fluctuations, its overall trajectory remains strong relative to the broader market.