Why is Modern Threads falling/rising?

As of 29-Jul, Modern Threads (I) Ltd is experiencing a rise in its stock price, currently at Rs 54.50, reflecting an increase of 1.5 or 2.83%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 7.92% during this period. Additionally, it has outperformed its sector by 2.19%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 26.28% compared to the 5-day average, which may suggest some caution among investors.
Broader Market Context: In the short term, Modern Threads has significantly outperformed the benchmark Sensex, with a 1-week return of +16.30% compared to the Sensex's -1.03%. Over the past month, the stock has also shown a return of +18.81%, while the Sensex has declined by 3.24%. This strong performance relative to the benchmark indicates that investor sentiment towards Modern Threads is currently positive, despite the broader market challenges reflected in the Sensex's performance.