Why is Palco Metals Ltd falling/rising?

As of 07-Aug, Palco Metals Ltd is experiencing a price increase, currently at Rs 181.00, which reflects a rise of 5.45 or 3.1%. The stock opened with a gain of 3.1% today and reached an intraday high of Rs 181. Additionally, the stock has outperformed its sector by 2.76%. Despite this positive movement, it is important to note that Palco Metals Ltd is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a significant decline over the past week and month, with returns of -8.24% and -13.38%, respectively. However, there has been a notable increase in investor participation, with delivery volume rising by 734.59% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, while Palco Metals Ltd has seen a substantial increase of 129.17% over the past year, it has underperformed the Sensex year-to-date, which is up by 3.18%. The stock's recent performance contrasts sharply with the benchmark's slight decline of -0.69% over the past week, suggesting that while the stock is currently rising, it has faced significant challenges in the short term compared to the overall market. The liquidity of the stock remains adequate for trading, which may support its recent price movement.