Why is Shah Alloys falling/rising?

As of 28-Oct, Shah Alloys Ltd is experiencing a price increase, currently trading at Rs 70.80, which reflects a rise of Rs 1.21 or 1.74%. The stock has shown a positive trend, gaining for the last three consecutive days with a total return of 4.19% during this period. It has also reached an intraday high of Rs 72.99, representing a 4.89% increase. Additionally, Shah Alloys is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The delivery volume has increased significantly, with a 37.53% rise against the 5-day average, suggesting heightened investor interest. There are no available details regarding positive or negative factors that could impact the stock's recent movement.
In the broader market context, Shah Alloys has outperformed the benchmark Sensex over the past month, with a return of 6.48% compared to the Sensex's 5.22%. However, over the year, the stock has underperformed, showing a decline of 0.42% against the Sensex's gain of 5.78%. Despite this longer-term underperformance, the recent short-term gains indicate a potential shift in investor sentiment, supported by increased trading activity and positive price movements.