Why is PPAP Automotive falling/rising?

As of 07-Oct, PPAP Automotive Ltd's stock price is rising, currently at Rs 232.90, reflecting an increase of Rs 5.05 or 2.22%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a notable return of 10.22% over the past week. Today, it opened with a gain of 4.24% and reached an intraday high of Rs 237.5. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a decline in investor participation, with delivery volume falling by 11.93% compared to the 5-day average, which could suggest some caution among investors.
In the broader market context, PPAP Automotive's recent performance significantly outpaces the benchmark Sensex, which has only increased by 2.07% over the past week. The stock's year-to-date return of 4.67% is slightly behind the Sensex's 4.85%, but its one-year return of 19.07% far exceeds the Sensex's 1.08%. This strong relative performance indicates that PPAP Automotive is gaining investor confidence, despite the recent drop in delivery volumes. Overall, the stock's upward movement appears to be driven by positive short-term performance metrics, even as broader market conditions remain mixed.