Why is Panchmahal Steel falling/rising?

As of 18-Sep, Panchmahal Steel Ltd's stock price is rising, currently at 299.25, reflecting an increase of 7.9 or 2.71%. The stock has demonstrated strong performance, gaining 14.66% over the last four days and outperforming its sector by 2.31% today. It opened with a significant gain of 5.03% and reached an intraday high of Rs 309.65. Additionally, the stock has shown impressive returns over various periods, including a 37.27% increase over the past year and a staggering 917.86% over the last five years. However, there has been a notable decline in investor participation, with delivery volume falling by 60.97% against the five-day average, which may indicate some caution among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has risen by 1.80% over the past week, Panchmahal Steel's 13.35% increase highlights its strong relative performance. The stock's year-to-date return of 17.81% also significantly outpaces the Sensex's 6.24% increase. This suggests that while the broader market is experiencing moderate gains, Panchmahal Steel is benefiting from specific factors that are driving its price higher, despite the recent drop in trading volume indicating a potential concern among some investors.