Why is R M Drip & Sprin falling/rising?

As of 24-Jul, R M Drip & Sprinklers Systems Ltd is experiencing a price increase, with the current price at Rs. 612.50, reflecting a change of 2.5 (0.41%) upward. The stock has recently hit a new 52-week and all-time high of Rs. 615.25 today, indicating strong performance. Over the past week, the stock has outperformed the sector by 1.42%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown impressive returns, with a year-to-date increase of 44.37% and a staggering 303.89% rise over the past year. However, there is a noted decline in investor participation, with delivery volume falling by 3.14% against the 5-day average, which could be a concern for future momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.20% over the past week, R M Drip & Sprinklers Systems Ltd's return of 3.88% highlights its strong relative performance. While the stock has been performing well, the broader market context shows that the overall market is not experiencing the same upward trend, which may indicate that the stock's rise is driven by company-specific factors rather than a general market rally.