Why is Maiden Forgings falling/rising?

As of 04-Jul, Maiden Forgings Ltd is experiencing a price increase, currently at 83.37, which reflects a rise of 1.37 or 1.67%. The stock has shown positive performance today, outperforming its sector by 2.31% and has been on a consecutive gain for the last two days, accumulating a total return of 1.86% during this period. Additionally, the stock has performed well over the past week with a return of 1.05%, and a notable increase of 19.10% over the past month, despite a year-over-year decline of 9.34%. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 86.84% against the 5-day average, indicating a potential concern for future trading activity.
In the broader market context, Maiden Forgings has outperformed the Sensex, which has declined by 0.74% over the past week. While the stock has shown resilience with a year-to-date return of 7.24%, the benchmark has only slightly outperformed it with a return of 6.77%. This suggests that while Maiden Forgings is currently gaining traction, the overall market sentiment may still be cautious, as reflected in the declining delivery volumes. The liquidity of the stock remains adequate for trading, but the falling investor participation could pose challenges if it continues.