Why is M M Rubber falling/rising?

As of 24-Oct, M M Rubber Co Ltd's stock price is rising, currently at 99.99, with a change of 3.18 (3.28%) upwards. The stock has recently hit a new 52-week high of Rs. 105, reflecting a strong performance today, having outperformed its sector by 4.11%. The stock opened with a significant gain of 8.46% and has been trading above its moving averages across various time frames, indicating positive momentum. Over the past week, the stock has gained 2.34%, and over the last month, it has surged by 27.38%, significantly outperforming the Sensex, which only increased by 3.05% in the same period. However, it's worth noting that there has been a decline in investor participation, with delivery volume dropping by 56.25% compared to the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, M M Rubber's recent performance stands out as it has outpaced the Sensex in both the short-term and longer-term returns, with a year-to-date return of 12.84% compared to the Sensex's 7.77%. This strong relative performance suggests that investors are favoring M M Rubber over the broader market. Despite the positive price movement, the falling delivery volume may raise questions about the sustainability of this upward trend. Overall, while the stock is currently experiencing a rise, the decline in investor participation could be a factor to monitor moving forward.