Why is Morganite Crucib falling/rising?

As of 22-Aug, Morganite Crucible (India) Ltd is experiencing a significant rise in its stock price, currently at 1,713.85, reflecting an increase of 147.65 or 9.43%. The stock has shown strong performance today, outperforming its sector by 10.56% and achieving a consecutive gain over the last four days, resulting in a total return of 13.81% during this period. Additionally, the stock has traded above its moving averages across various time frames, indicating a bullish trend. Despite a high level of volatility today, the stock's performance has been bolstered by a low debt-to-equity ratio and a high dividend yield of 3.13%, contributing to its attractiveness among investors.
In the broader market context, Morganite Crucible's short-term return of 11.29% over the past week significantly outpaces the Sensex, which has only increased by 0.88% in the same timeframe. This strong performance is further highlighted by the stock's year-to-date return of 10.29%, compared to the Sensex's 4.05%. While the stock has shown impressive gains, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 71.91% against the five-day average, which could be a concern for future momentum. Overall, the stock's recent rise can be attributed to its strong performance metrics and favorable financial indicators, despite some signs of reduced trading activity.