Why is Mangalam Alloys falling/rising?

As of 18-Sep, Mangalam Alloys Ltd is experiencing a price increase, currently at 60.25, reflecting a rise of 1.5 or 2.55%. The stock has outperformed its sector today by 2.15%. In terms of performance over various periods, it has shown a 3.88% increase over the past week and a 48.77% increase year-to-date, significantly outpacing the Sensex, which has only risen by 1.67% and 7.52% respectively during the same periods. However, there is a notable decline in investor participation, with delivery volume dropping by 76.19% compared to the 5-day average, which may indicate a potential concern for future trading activity.
Broader Market Context: The stock's short-term performance has been strong, particularly when compared to the benchmark Sensex, which has shown lower returns over the same periods. While Mangalam Alloys has demonstrated impressive gains year-to-date and over the past week, the decline in delivery volume could suggest a cooling interest among investors, which may affect future price stability. Overall, despite the positive price movement, the falling investor participation could pose challenges ahead, warranting close monitoring of market sentiment.