Why is Royal Arc Ele. falling/rising?

As of 25-Jul, Royal Arc Electrodes Ltd is experiencing a price increase, currently at 165.00, reflecting a change of 2.5 or 1.54% upward. The stock has outperformed its sector by 4.91% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 64.29% compared to the 5-day average. The performance over the past week shows a gain of 2.48%, while the one-month return is even more impressive at 9.27%. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.
In the broader market context, Royal Arc Electrodes Ltd's short-term performance stands in stark contrast to the benchmark, the Sensex, which has declined by 0.53% over the past week and 1.62% over the past month. This indicates that while the stock is rising, the overall market is facing downward pressure, highlighting the stock's relative strength amidst a challenging market environment.