Why is Mangalam Alloys falling/rising?

As of 14-Jul, Mangalam Alloys Ltd is experiencing a slight increase in its stock price, currently at Rs. 79.00, reflecting a change of 0.3 or 0.38% upward. The company 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 gained 2.13%, and it has shown impressive returns of 28.35% over the past month and 95.06% year-to-date. However, there is a notable decline in investor participation, with delivery volume falling by 60.57% against the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, while Mangalam Alloys has shown strong performance compared to the Sensex, which has declined by 1.49% over the past week, the stock's liquidity remains adequate for trading, being based on 2% of the 5-day average traded value. The significant outperformance of the stock relative to the benchmark suggests that investor sentiment remains positive despite the drop in delivery volume. Overall, while the stock is rising, the decrease in investor participation may warrant close monitoring in the coming days.