Why is P S Raj Steels falling/rising?

As of 16-Sep, P S Raj Steels Ltd is experiencing a significant price increase, with its current price at Rs. 187.30, reflecting a rise of Rs. 17.65 or 10.4%. The stock has recently hit a new 52-week and all-time high of Rs. 188, indicating strong upward momentum. It has outperformed its sector by 9.74% 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 223.53% compared to the 5-day average. Unfortunately, there is no information available regarding any positive or negative factors that may be influencing this movement.
Broader market context shows that P S Raj Steels has delivered impressive short-term returns, with a 1-week increase of 24.87%, significantly outperforming the Sensex, which only rose by 1.49% during the same period. Over the past month, the stock has risen by 26.55%, again surpassing the Sensex's 2.47% increase. This strong performance relative to the benchmark suggests that investor sentiment towards P S Raj Steels is particularly positive, contributing to its rising stock price.