Why is P S Raj Steels falling/rising?

As of 17-Sep, P S Raj Steels Ltd is experiencing a price increase, currently at Rs. 193.15, which reflects a rise of Rs. 5.85 or 3.12%. The stock has shown strong performance, with a remarkable 30.51% increase over the past week, significantly outperforming the Sensex, which only rose by 1.43% during the same period. Additionally, the stock reached a new 52-week and all-time high of Rs. 198 today. It is also trading above all its moving averages, indicating a strong upward trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 67.21% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, P S Raj Steels' impressive short-term return of 30.51% over the past week stands in stark contrast to the Sensex's modest gain of 1.43%. This significant outperformance indicates that the stock is gaining traction among investors, likely due to positive sentiment and strong trading activity. However, there is no information available regarding any specific positive or negative factors that could further influence the stock's recent movement. Overall, the combination of strong price performance, increased trading volume, and favorable comparisons to the benchmark suggests a bullish outlook for P S Raj Steels Ltd.