Why is RMC Switchgears falling/rising?

As of 18-Jul, RMC Switchgears Ltd is experiencing a price increase, currently at Rs 850.00, which reflects a rise of Rs 10.0 or 1.19%. The stock has shown a strong performance today, outperforming its sector by 1.59% and achieving a consecutive gain over the last two days with a total return of 1.61%. It reached an intraday high of Rs 868, indicating positive momentum, although it also touched a low of Rs 820. The stock is trading above its moving averages across various time frames, suggesting a bullish trend. However, there is a notable decline in investor participation, with delivery volume dropping by 62.57% compared to the 5-day average, which may raise concerns about sustained buying interest.
In the broader market context, RMC Switchgears has outperformed the Sensex in the short term, with a 1-week return of 10.14% compared to the benchmark's decline of 0.90%. Over the past month, the stock has also shown a positive return of 8.70%, while the Sensex has only increased by 0.38%. Despite a year-to-date decline of 24.11% against the Sensex's gain of 4.63%, the stock's long-term performance remains impressive, with a staggering 3-year return of 4778.33%. This indicates that while the stock may have faced challenges recently, its historical performance and current upward movement suggest a potential recovery phase, albeit with caution due to the drop in trading volume.