Why is Maiden Forgings falling/rising?

As of 29-Oct, Maiden Forgings Ltd is experiencing a price increase, currently at Rs 85.00, reflecting a rise of Rs 2.7 or 3.28%. The stock has shown strong performance recently, gaining 6.26% over the last three days and outperforming its sector by 1.77% today. It is also trading above all key moving averages, indicating positive momentum. Additionally, the stock is close to its 52-week high, just 4.46% away from Rs 88.79. The rising investor participation is notable, with delivery volume increasing by 75.68% compared to the five-day average, suggesting heightened interest in the stock.
In the broader market context, Maiden Forgings has outperformed the Sensex over the past week and month, with returns of 6.25% and 13.33%, respectively, compared to the Sensex's 0.68% and 5.76%. Year-to-date, the stock has also shown a solid performance with a return of 9.34%, slightly ahead of the Sensex's 8.78%. This positive trend indicates that investor sentiment towards Maiden Forgings is strong, particularly in comparison to the overall market performance.