Why is Mangalam Alloys falling/rising?

As of 18-Jul, Mangalam Alloys Ltd is experiencing a price increase, with its current price at Rs. 79.50, reflecting a change of 1.55 (1.99%) upward. The stock has recently hit a new 52-week high of Rs. 60.35 and has outperformed its sector by 6.48%. Over the past week, the stock has shown a return of +1.02%, significantly outperforming the Sensex, which has declined by -0.72%. Additionally, the stock has demonstrated impressive returns over the past month (+21.84%) and year-to-date (+96.30%), indicating strong overall performance. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by -60.57% against the 5-day average, which could be a concern for future trading activity. In the broader market context, Mangalam Alloys' short-term performance contrasts sharply with the benchmark Sensex, which has seen a slight increase of +0.63% over the past month. This divergence suggests that while the stock is gaining traction, the overall market sentiment may not be as strong. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value. Despite the drop in delivery volume, the stock's consistent performance above its moving averages indicates a bullish trend, which could be driving investor interest and contributing to its rising price.