Why is Mangalam Alloys falling/rising?

As of 28-Jul, Mangalam Alloys Ltd is currently priced at Rs. 76.50, reflecting a decrease of Rs. 0.95 or 1.23%. The stock has recently outperformed its sector by 6.48%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive performance, the stock has seen a decline of 4.61% over the past week, although it has gained 2.27% over the past month. Year-to-date, the stock has shown a remarkable increase of 88.89%, significantly outperforming the Sensex, which has only risen by 4.38%. However, there is a concerning trend in investor participation, as the delivery volume has dropped by 60.57% compared to the 5-day average, indicating a potential decrease in investor interest.
Broader Market Context: In the short term, Mangalam Alloys has underperformed the benchmark Sensex, which has declined by 1.63% over the past week while the stock itself has fallen by 4.61%. This suggests that while the stock has had strong performance metrics over longer periods, its recent price movement may be influenced by broader market conditions and reduced trading activity. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume could signal caution among investors, potentially contributing to the recent price decline.