Why is Pradeep Metals falling/rising?

As of 02-Jul, Pradeep Metals Ltd. is experiencing a price increase, with its current price at 284.40, reflecting a rise of 3.25 or 1.16%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 77.27% compared to the 5-day average. Despite this decrease in participation, the stock has shown impressive returns over various periods, including a 10.68% increase over the past month and a remarkable 228.98% rise over the last three years.
In the broader market context, Pradeep Metals has outperformed the Sensex, which has risen by only 0.79% over the past week compared to the stock's 1.57% gain. Additionally, the stock has delivered a year-to-date return of 7.83%, surpassing the Sensex's 6.75%. This strong performance relative to the benchmark suggests that investor sentiment remains positive towards Pradeep Metals, even amidst the recent decline in trading volume. Overall, while the stock is rising, the drop in delivery volume may indicate caution among investors, which could affect future price movements.