Why is P S Raj Steels falling/rising?

As of 15-Sep, P S Raj Steels Ltd is experiencing a significant rise in its stock price, currently at Rs. 169.65, reflecting an increase of Rs. 17.85 or 11.76%. The stock has recently hit a new 52-week and all-time high of Rs. 175, indicating strong upward momentum. It has outperformed its sector by 10.89% today and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 17.47% against the 5-day average. Unfortunately, the Positive and Negative Factors section is unavailable, which limits a comprehensive understanding of the influences on the stock's movement.
Broader market context shows that P S Raj Steels has outperformed the benchmark Sensex in the short term, with a 1-week return of +13.86% compared to the Sensex's +1.20%. Over the past month, the stock has also shown a strong return of +14.63%, while the Sensex has only increased by +1.78%. This substantial outperformance in both the short-term and medium-term suggests that the stock is gaining traction among investors, likely driven by positive sentiment and trading activity in the market.