Why is Mangalam Alloys falling/rising?

As of 26-Jun, Mangalam Alloys Ltd is experiencing a price increase, with the current price at Rs. 73.35, reflecting a change of 1.4 (1.95%) upwards. The stock has shown strong performance recently, with a 10.22% increase over the past week and an impressive 130.66% rise over the past month. Additionally, it has reached a new 52-week high of Rs. 60.35 today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has dropped by 60.57% compared to the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, Mangalam Alloys has significantly outperformed the Sensex, which has only increased by 3.05% over the past week and 2.19% over the past month. The stock's year-to-date return of 81.11% also contrasts sharply with the Sensex's 8.05% increase, highlighting its strong relative performance. Despite the positive price movement and returns, the falling investor participation may suggest caution among traders, which could impact future price stability. Overall, while the stock is currently rising, the decrease in delivery volume indicates that market sentiment may be mixed.