Why is Mangalam Alloys falling/rising?

As of 04-Jul, Mangalam Alloys Ltd is currently priced at 75.85, reflecting a decrease of 1.55, or 2.0%. Despite this decline, the stock has shown strong performance over the past month, with a return of 60.02%, significantly outperforming the Sensex, which returned 3.42% in the same period. Additionally, the stock recently hit a new 52-week high of Rs.60.35 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable drop in investor participation, with delivery volume decreasing by 60.57% compared to the 5-day average, which may be contributing to the current price decline.
In the broader market context, while Mangalam Alloys has outperformed the Sensex in the short term, the overall market sentiment may be affecting its price movement today. The Sensex itself has seen a slight decline of 0.69% over the past week, which could be influencing investor behavior and leading to the stock's current downward movement. Despite the stock's impressive year-to-date return of 87.28%, the falling delivery volume suggests a potential reduction in buying interest, which could be a factor in the recent price drop.