Why is Scan Steels falling/rising?

As of 07-Oct, Scan Steels Ltd is experiencing a price increase, with its current price at Rs 44.74, reflecting a rise of Rs 3.82 or 9.34%. The stock has shown strong performance today, outperforming its sector by 9.56% and opening with a gain of 2.27%. It reached an intraday high of Rs 45.99, indicating significant upward momentum. The stock has also demonstrated high volatility, trading within a wide range of Rs 4.99, and is currently above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 26.27% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
Broader market context shows that Scan Steels has significantly outperformed the benchmark Sensex in the short term, with a 1-week return of +20.56% compared to the Sensex's +2.07%. This trend continues over the past month, where Scan Steels achieved a return of +27.90% against the Sensex's +1.51%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a return of -4.30% compared to the Sensex's +4.85%. Overall, the strong short-term performance relative to the benchmark suggests that investor sentiment is currently favorable towards Scan Steels, contributing to its rising stock price.