Why is Manglam Infra falling/rising?

As of 08-Sep, Manglam Infra & Engineering Ltd is experiencing a price increase, currently at 30.95, which reflects a rise of 1.25 or 4.21%. The stock has shown strong performance recently, with a 14.63% increase over the past week and a significant 37.56% rise over the past month, outperforming the Sensex, which only increased by 0.60% and 1.68% in the same periods, respectively. Despite this positive momentum, there is a notable decline in investor participation, as evidenced by a 37.5% drop in delivery volume on September 5 compared to the five-day average. The stock is also trading above its moving averages across various time frames, indicating a bullish trend.
In the broader market context, while Manglam Infra has outperformed the benchmark in the short term, it has a year-to-date decline of 28.77%, contrasting with the Sensex's gain of 4.77%. This suggests that despite recent gains, the stock has faced significant challenges over a longer period. The lack of available positive or negative factors further complicates the analysis, as it limits insights into specific catalysts driving the current price movement. Overall, the stock's recent rise appears to be driven by short-term trading momentum rather than sustained investor confidence.