Why is Omax Autos falling/rising?

As of 18-Jul, Omax Autos Ltd is experiencing a price increase, currently at Rs 112.62, reflecting a rise of 3.42 or 3.13%. The stock has shown strong performance recently, with a 15.25% increase over the past week and a notable 32.45% rise over the last month, significantly outperforming the Sensex, which has declined by 0.90% in the same week and only increased by 0.38% in the last month. Today's trading indicates that Omax Autos is above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a concerning drop in investor participation, with delivery volume falling by 69.01% compared to the 5-day average. The company has reported positive financial results over the last ten quarters, with a 60.80% growth in profit after tax and a high return on capital employed, contributing to its attractive valuation relative to peers.
Broader Market Context: In the context of the broader market, Omax Autos has significantly outperformed the Sensex in the short term, particularly over the past week and month. While the stock has a year-to-date decline of 5.44%, it has shown resilience with a remarkable 123.23% increase over the past three years, compared to the Sensex's 49.96% gain in the same period. The stock's current positive momentum can be attributed to its strong financial performance and attractive valuation metrics, despite the recent drop in trading volume, which may indicate a potential concern for future liquidity.