Why is Modern Steels falling/rising?

As of 13-Aug, Modern Steels Ltd is experiencing a price increase, with its current price at 18.75, reflecting a rise of 0.56 or 3.08%. The stock has been gaining for the last two days, resulting in a total return of 5.93% during this period. Additionally, it has outperformed its sector by 2.51%. In terms of performance over the past week, the stock has shown a significant increase of 13.50%, while its one-month performance indicates a slight decline of 2.39%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 23.14% compared to the 5-day average, indicating a potential concern regarding liquidity, although the stock remains liquid enough for trading.
In the broader market context, Modern Steels' recent performance contrasts with the Sensex, which has remained relatively flat with a change of -0.01% over the past week. While the stock has outperformed the benchmark in the short term, its year-to-date performance shows a decline of 1.32%, compared to the Sensex's increase of 3.07%. This divergence highlights the stock's recent strength against a backdrop of a stable market, although its longer-term performance over one year and three years remains less favorable compared to the benchmark. Overall, the stock's current upward movement can be attributed to recent gains and positive short-term trends, despite some concerns regarding declining investor participation.