Why is Mafatlal Inds. falling/rising?

As of 28-Oct, Mafatlal Industries Ltd is experiencing a price increase, currently at Rs 197.00, which reflects a rise of Rs 4.25 or 2.2%. The stock has shown strong performance recently, gaining 9.69% over the last two days and outperforming its sector by 1.9% today. It has also demonstrated impressive returns over various periods, with a 41.68% increase over the past month and a staggering 219.96% over the last three years. However, there is a notable decline in investor participation, with delivery volume falling by 32.02% compared to the five-day average, which could indicate a potential concern for future momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 0.24% over the past week, Mafatlal Industries has significantly outperformed with a return of 15.68%. This trend continues over the past month, where the stock's 41.68% gain far exceeds the Sensex's 5.22% increase. The stock is currently trading above all its moving averages, suggesting a strong upward trend, although the decrease in delivery volume may warrant caution among investors regarding sustainability of this upward movement.