Why is Pradeep Metals falling/rising?

As of 11-Nov, Pradeep Metals Ltd. is experiencing a rise in its stock price, currently at Rs 257.00, reflecting an increase of Rs 4.3 or 1.7%. The stock has shown a positive trend over the last two days, gaining 4.47% during this period. Despite today's performance underperforming its sector by 1.82%, the stock reached an intraday high of Rs 260, although it also saw a low of Rs 245.1. The stock's performance over the past week has been strong, with a 6.00% increase, while it has outperformed the benchmark Sensex over the last month with a return of 16.71% compared to the Sensex's 1.66%. However, it is important to note that the stock's delivery volume has decreased significantly, falling by 51.78% against the 5-day average, indicating a potential decline in investor participation.
In the broader market context, Pradeep Metals has outperformed the Sensex in the short term, particularly over the past week and month, which may contribute to positive sentiment around the stock. However, the year-to-date performance shows a decline of 2.56%, contrasting with the Sensex's gain of 7.34%, suggesting that while recent movements are positive, the stock has struggled over a longer timeframe. The sector of Castings/Forgings has also seen gains of 3.58%, which could be supporting the stock's upward movement. Overall, while the stock is currently rising, the significant drop in delivery volume and its underperformance in the sector today may raise concerns about the sustainability of this upward trend.