Why is Manaksia Steels falling/rising?

As of 17-Nov, Manaksia Steels Ltd's stock price is currently at 65.66, reflecting an increase of 2.34, or 3.7%. The stock has been on a positive trajectory, gaining for the last four days and achieving a total return of 11.29% during this period. It opened with a significant gap up of 4.99% today and reached an intraday high of Rs 66.48. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 308.13% compared to the 5-day average. Unfortunately, the Positive and Negative Factors section is unavailable, which limits further insights into specific catalysts for this movement.
Broader Market Context: In the context of broader market performance, Manaksia Steels has outperformed the Sensex, which has only increased by 1.69% over the past week, while Manaksia Steels has risen by 7.64%. This trend of outperformance is consistent over the past month as well, where the stock has gained 12.76% compared to the Sensex's 1.19%. Year-to-date, Manaksia Steels has achieved a return of 9.05%, slightly above the Sensex's 8.72%. This relative strength against the benchmark suggests that investor sentiment towards Manaksia Steels is particularly positive, contributing to its rising stock price.