Why is Rico Auto Inds falling/rising?

As of 15-Sep, Rico Auto Industries Ltd is experiencing a price increase, with its current price at Rs 106.21, reflecting a rise of Rs 3.75 or 3.66%. The stock has shown strong performance recently, gaining 5.33% over the last three days and outperforming its sector by 2.5% today. It has also demonstrated significant returns over various periods, including a 15.37% increase over the past month and a remarkable 76.58% rise over the last three years. However, there has been a decline in investor participation, with delivery volume falling by 25.52% compared to the five-day average, which could indicate a potential concern for sustained momentum.
Broader market context shows that Rico Auto Industries Ltd has outperformed the Sensex in the short term, with a 4.64% gain over the past week compared to the benchmark's 1.24%. This trend of outperformance is consistent with the stock's year-to-date return of 28.43% against the Sensex's 4.67%. The stock is currently trading above all its moving averages, suggesting a positive technical outlook. Despite the drop in delivery volume, the liquidity remains adequate for trading, which may support continued interest in the stock.