Why is Pradeep Metals falling/rising?

As of 11-Jul, Pradeep Metals Ltd. is experiencing a price increase, currently at Rs. 347.15, reflecting a rise of Rs. 16.75 or 5.07%. The stock has recently hit a new 52-week and all-time high of Rs. 353.3, indicating strong upward momentum. Over the past week, the stock has outperformed the Sensex, gaining 9.00% compared to the benchmark's decline of 1.12%. Additionally, the stock has shown impressive returns over longer periods, with a 45.83% increase over the past year and a staggering 244.57% rise over the last three years. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 53.69% against the five-day average. Despite this, the stock is trading above all key moving averages, suggesting a bullish trend.
In the broader market context, Pradeep Metals has demonstrated strong performance relative to the Sensex, particularly in the short term, where it has outpaced the index significantly. While the stock's recent performance is commendable, it is trading at a discount compared to its peers' historical valuations, which may attract investors looking for value. However, the company faces challenges such as poor long-term growth metrics, with net sales growing at an annual rate of only 9.82% over the last five years. Additionally, the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's future prospects. Overall, while the stock is currently rising, these underlying factors could influence its future performance.