Why is Pradeep Metals falling/rising?

As of 03-Nov, Pradeep Metals Ltd. is experiencing a price increase, currently at Rs 244.55, which reflects a rise of Rs 19.6 or 8.71%. The stock has shown strong performance recently, gaining 15.74% over the last six days and outperforming its sector by 7.81% today. It reached an intraday high of Rs 248.4, indicating significant upward momentum. However, despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 56.4% compared to the five-day average. The stock's volatility today was high, with an intraday volatility of 5.79%, and while it is trading above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages.
In the broader market context, Pradeep Metals has outperformed the Sensex over the past week, with a return of 9.89% compared to the benchmark's decline of 0.94%. However, the stock has underperformed on a year-to-date basis, showing a decline of 7.28% while the Sensex has gained 7.47%. This contrast highlights the stock's recent strength in the short term, despite its longer-term struggles relative to the broader market. Overall, the combination of recent gains, high volatility, and declining investor participation suggests a complex market sentiment surrounding Pradeep Metals Ltd.