Why is Readymix Cons. falling/rising?

As of 07-Jul, Readymix Construction Machinery Ltd is experiencing a price increase, currently at 117.25, which reflects a rise of 2.25 or 1.96%. The stock has shown strong performance, outperforming its sector by 6.34% today. Additionally, it has demonstrated significant gains over the past week and month, with returns of +7.37% and +23.62%, respectively. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 73.48% compared to the 5-day average, which could be a concern for future liquidity.
In the broader market context, while Readymix Construction Machinery Ltd has outperformed the Sensex over the past week and month, the benchmark has shown a slight decline of -0.22% in the last week and a modest gain of +1.83% in the last month. This contrast highlights the stock's relative strength against the market, suggesting that investor sentiment towards Readymix remains positive despite the drop in delivery volumes. Overall, the stock's upward movement can be attributed to its strong recent performance and technical indicators, even as it faces challenges with declining investor participation.