Why is Readymix Cons. falling/rising?

As of 10-Sep, Readymix Construction Machinery Ltd is experiencing a price increase, with its current price at Rs 168.10, reflecting a rise of Rs 1.85 or 1.11%. The stock has shown strong performance recently, with a 1-week return of +17.18% and a 1-month return of +50.09%, significantly outperforming the Sensex, which has only increased by 1.04% and 2.50% over the same periods, respectively. The stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 60.09% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
Broader Market Context: The broader market context shows that while Readymix Construction Machinery Ltd has outperformed the Sensex in the short term, the overall market has seen modest gains. The stock is also close to its 52-week high, being only 4.1% away from Rs 175. Despite the positive price movement, the significant drop in delivery volume could suggest a potential weakening of momentum, which investors should monitor closely. Overall, the stock's strong recent performance contrasts with the broader market's more subdued growth, highlighting its relative strength in the current trading environment.