Why is Padmanabh Alloys falling/rising?

As of 23-Oct, Padmanabh Alloys & Polymers Ltd is experiencing a price increase, currently at Rs 19.89, reflecting a rise of 1.39 (7.51%). The stock has shown strong performance today, outperforming its sector by 8.27% and achieving consecutive gains over the last two days, with a total return of 11.49% in that period. Despite this positive movement, the stock has shown erratic trading patterns, having not traded on one day out of the last 20, and it has experienced high volatility today with an intraday volatility of 6.65%. Additionally, the delivery volume has fallen significantly, indicating a decrease in investor participation, which could impact future price movements.
Broader market context indicates that while Padmanabh Alloys has outperformed the Sensex in the short term, with a 1-week return of +8.99% compared to the Sensex's +1.30%, it has underperformed on a year-to-date basis, with a return of -12.19% against the Sensex's +8.21%. This disparity highlights the stock's recent volatility and the challenges it faces in maintaining investor interest despite short-term gains. Overall, while the stock is currently rising, the mixed signals from trading patterns and declining participation suggest caution moving forward.