Why is Mangalam Alloys falling/rising?

As of 20-Jun, Mangalam Alloys Ltd is experiencing a price increase, with the current price at Rs. 67.85, reflecting a change of 1.3 or 1.95% upward. The stock has recently hit a new 52-week high of Rs. 60.35 today and has outperformed its sector by 6.48%. Over the past week, the stock has shown a remarkable return of +10.24%, and over the past month, it has surged by +117.12%. Additionally, Mangalam Alloys is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, it is worth noting that investor participation has decreased, with delivery volume falling by 60.57% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
In the broader market context, Mangalam Alloys' short-term performance significantly outpaces the benchmark, with the Sensex only increasing by 1.59% over the same week. Year-to-date, the stock has gained 67.53%, while the Sensex has only risen by 6.21%. This stark contrast highlights the stock's strong performance relative to the market. Despite the decline in investor participation, the liquidity remains adequate for trading, suggesting that while the stock is rising, the decrease in delivery volume could be a factor to monitor for potential volatility in the future.