Why is Modern Steels falling/rising?

As of 21-Jul, Modern Steels Ltd is experiencing a price increase, with its current price at 19.51, reflecting a change of 0.51 or 2.68% upward. The stock has outperformed its sector by 1.76% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 77.15% compared to the 5-day average. The stock's performance over the past month shows an increase of 18.60%, while its year-to-date return is 2.68%, suggesting a positive short-term momentum despite a slight decline of 0.46% over the past year.
In the broader market context, Modern Steels' short-term return of 0.10% over the past week contrasts with a slight decline of 0.06% in the Sensex, indicating that the stock is performing better than the benchmark in the short term. However, the year-to-date performance of the stock is lagging behind the Sensex, which has gained 5.20%. This suggests that while Modern Steels is currently rising, it may still face challenges in maintaining its momentum against a generally positive market backdrop.