Why is Mahamaya Steel falling/rising?

As of 11-Nov, Mahamaya Steel Industries Ltd is experiencing a price increase, currently at Rs. 734.10, which reflects a rise of Rs. 34.15 or 4.88%. The stock has shown strong performance, having gained 21.28% over the past week and 40.06% over the past month. It reached a new 52-week and all-time high of Rs. 734.9 today, outperforming its sector by 2.35%. The stock has been on a consecutive gain streak for the last four days, and it opened with a gain of 2.15% today. Additionally, it is trading above all key moving averages, indicating strong upward momentum. There is also a notable increase in investor participation, with delivery volume rising significantly compared to the average, suggesting heightened interest in the stock.
In the broader market context, Mahamaya Steel's performance stands out against the benchmark Sensex, which has only increased by 0.49% over the past week and 1.66% over the past month. The stock's year-to-date return of 258.10% and one-year return of 221.97% further illustrate its strong performance relative to the market, which has seen a much lower return of 7.34% year-to-date. The positive action in the ferrous metal sector, which gained 2.73%, also supports the stock's upward movement, indicating a favorable environment for Mahamaya Steel amidst broader market trends.