Why is P S Raj Steels falling/rising?

As of 22-Sep, P S Raj Steels Ltd is experiencing a price increase, with its current price at Rs. 210.35, reflecting a rise of Rs. 23.6 or 12.64%. The stock has reached a new 52-week and all-time high of Rs. 215 today, outperforming its sector by 13.01%. Additionally, the stock has shown strong performance over the past week and month, with returns of +23.99% and +37.98%, respectively. However, there is a notable decline in investor participation, as the delivery volume on 19 September fell by 90.77% compared to the 5-day average, which may indicate a potential concern regarding sustained interest in the stock.
In the broader market context, P S Raj Steels' short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.53% over the past week and 1.34% over the past month. This stark contrast highlights the stock's strong momentum relative to the overall market. Despite the positive price movement, the falling investor participation could pose a risk to future performance, suggesting that while the stock is currently rising, it may need to attract more consistent trading volume to maintain its upward trajectory.