Why is Mah. Scooters falling/rising?

As of 17-Nov, Maharashtra Scooters Ltd is experiencing a significant rise in its stock price, currently at Rs 15,272.75, reflecting an increase of Rs 908.85 or 6.33%. The stock has shown strong performance today, outperforming its sector by 5.91% and has gained 8.05% over the last two days. It opened with a notable gain of 3.38% and reached an intraday high of Rs 15,650, which is an increase of 8.95%. However, despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 27.8% against the 5-day average. The stock's performance over various periods shows a year-to-date increase of 58.94% and a 3-year increase of 181.63%, indicating strong long-term growth despite a recent 1-month decline of 11.17%.
In the broader market context, Maharashtra Scooters Ltd has outperformed the Sensex in the short term, with a 1-week return of 4.63% compared to the Sensex's 1.69%. This suggests that the stock is gaining traction relative to the overall market. While the stock's current momentum is positive, the falling delivery volume may raise concerns about sustainability in the upward trend. The liquidity of the stock remains adequate for trading, which could support continued interest from investors. Overall, the combination of recent gains and strong long-term performance contrasts with the recent drop in delivery volume, indicating a complex market sentiment surrounding the stock.