Why is Modern Threads falling/rising?

As of 05-Sep, Modern Threads (I) Ltd is experiencing a price increase, currently at Rs 59.25, which reflects a rise of 2.36 or 4.15%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total increase of 7.61% during this period. It opened with a significant gain of 4.36% today and reached an intraday high of Rs 59.65, indicating positive momentum. Additionally, the stock has outperformed its sector by 4.59%. However, it is important to note that there has been a notable decline in investor participation, with delivery volume falling by 79.83% against the 5-day average, which could be a concern for future trading activity.
In the broader market context, Modern Threads has significantly outperformed the benchmark Sensex over various time frames, including a 7.36% increase over the past week compared to the Sensex's 1.13% rise, and a 16.13% increase over the past month while the Sensex remained flat. Year-to-date, the stock has gained 17.56%, while the Sensex has only increased by 3.29%. This strong relative performance suggests that investor sentiment towards Modern Threads remains positive despite the recent drop in trading volume.