Why is Maiden Forgings falling/rising?

As of 10-Jul, Maiden Forgings Ltd is experiencing a price increase, currently at Rs 82.00, reflecting a rise of 1.0 or 1.23%. The stock has shown a strong performance over the past month with a return of 17.14%, significantly outperforming the Sensex, which has only increased by 0.97% in the same period. Today's price summary indicates that the stock reached an intraday high of Rs 83, marking a 2.47% increase. Additionally, Maiden Forgings is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 57.14% compared to the 5-day average, which could indicate a potential concern for future price stability.
In the broader market context, Maiden Forgings has outperformed the Sensex in the short term, particularly over the last week where it remained flat at 0.00% while the benchmark fell by 0.06%. Year-to-date, the stock has gained 5.48%, slightly lagging behind the Sensex's 6.46% increase. Despite the positive short-term performance, the significant drop in delivery volume may suggest a weakening interest among investors, which could impact future price movements. Overall, while the stock is currently rising, the decrease in trading activity could pose risks if it continues.