Why is Mahamaya Steel falling/rising?

As of 13-Oct, Mahamaya Steel Industries Ltd is experiencing a significant rise in its stock price, currently at Rs. 583.55, which reflects an increase of Rs. 59.4 or 11.33%. The stock has hit a new 52-week and all-time high of Rs. 593.75 today, demonstrating strong upward momentum. Over the past 10 days, the stock has gained 42.47%, and its year-to-date return stands at an impressive 184.66%. Additionally, the stock has outperformed its sector by 7.79% today, indicating robust performance relative to peers. The stock is also trading above all key moving averages, suggesting a strong bullish trend. There is no information available regarding positive or negative factors that could influence the stock's movement.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 0.66% over the past week, Mahamaya Steel's return of 24.97% in the same period highlights its strong performance. The broader market context shows that while the Sensex has seen modest gains, Mahamaya Steel has significantly outperformed it, reflecting strong investor interest and confidence in the company. The metal sector, in which Mahamaya operates, has also gained by 4.52%, contributing to the positive sentiment surrounding the stock.