Why is N R Agarwal Inds falling/rising?

As of 08-Oct, N R Agarwal Industries Ltd is experiencing a significant rise in its stock price, currently at 484.05, reflecting an increase of 78.25 or 19.28%. The stock has recently hit a new 52-week high of Rs. 486.95 and has shown a strong performance today, outperforming its sector by 19.23%. Despite a wide trading range of Rs. 90.25 and high volatility with an intraday volatility of 5.21%, the stock has gained after four consecutive days of decline. Over the past week, the stock has increased by 12.04%, and year-to-date, it has risen by 39.50%. However, there has been a notable decline in investor participation, with delivery volume falling by 52.06% against the 5-day average.
In the broader market context, N R Agarwal Industries Ltd has outperformed the Sensex, which has only increased by 0.98% over the past week. This indicates that the stock's recent upward movement is not just a reflection of general market trends but rather specific positive factors affecting the company. The stock's performance over the last month shows a return of 23.83%, significantly higher than the Sensex's 1.22%. Overall, while the stock is on an upward trajectory, the decrease in delivery volume suggests that investor confidence may be fluctuating, which could impact future price movements.