Why is R M Drip & Sprin falling/rising?

As of 05-Aug, R M Drip & Sprinklers Systems Ltd is experiencing a price increase, currently at Rs. 693.20, which reflects a rise of 2.85 (0.41%). The stock has recently hit a new 52-week and all-time high of Rs. 700, indicating strong upward momentum. It has outperformed its sector by 0.73% today and has shown consistent gains over the last four days, accumulating a total return of 5.03% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. However, there has been a decline in investor participation, with delivery volume dropping by 10.31% compared to the 5-day average, which could indicate a potential concern for sustained momentum.
In the broader market context, the stock's performance over the past week and month is not available for comparison, but it has shown a year-to-date increase of 3.29% and a 1-year increase of 2.48%. In contrast, the benchmark Sensex has declined by 0.77% over the past week and 3.26% over the past month, highlighting that R M Drip & Sprinklers Systems Ltd is performing relatively well against the broader market trends. This divergence suggests that the stock's recent gains may be driven by company-specific factors rather than overall market conditions.