Why is Shah Alloys falling/rising?

As of 04-Nov, Shah Alloys Ltd is experiencing a price increase, currently at Rs 80.49, reflecting a rise of 3.83 or 5.0%. The stock has shown strong performance recently, gaining 8.39% over the last three days and is currently trading close to its 52-week high, just 3.74% away from Rs 83.5. It has outperformed its sector by 6.09% today and is trading above all key moving averages, indicating a bullish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 10.94% compared to the five-day average, suggesting growing interest in the stock.
In the broader market context, Shah Alloys has significantly outperformed the benchmark Sensex over various periods, including a 13.69% increase over the past week while the Sensex declined by 1.38%. Year-to-date, the stock has risen by 21.95%, compared to the Sensex's 6.81% gain. This strong relative performance indicates that investor sentiment towards Shah Alloys is positive, contributing to its rising stock price amidst a generally weaker market environment.