Why is Royal Arc Ele. falling/rising?

As of 08-Aug, Royal Arc Electrodes Ltd is experiencing a price increase, currently trading at 157.90, which reflects a rise of 7.9 or 5.27%. The stock has outperformed its sector today by 6.3%, and it 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 on 07 Aug falling by 37.5% compared to the 5-day average. The stock's performance over the past month shows a significant increase of 18.72%, contrasting with a decline of 4.54% in the benchmark Sensex during the same period.
In the broader market context, while Royal Arc Electrodes Ltd has shown a positive short-term return, the Sensex has experienced a slight decline of 0.82% over the past week. This suggests that the stock's recent rise is not entirely reflective of the overall market sentiment, as it has managed to gain despite the benchmark's downturn. The lack of available positive or negative dashboard data limits further insights into specific factors influencing investor sentiment, but the stock's liquidity remains adequate for trading, which may support its upward movement.