Why is Shantai Indust. falling/rising?

As of 13-Oct, Shantai Industries Ltd is experiencing a price increase, currently at Rs 13.95, reflecting a rise of Rs 1.25 or 9.84%. The stock has shown a positive trend today, having outperformed its sector by 10.22% and reversing a three-day consecutive decline. It reached an intraday high of Rs 13.97, indicating strong intraday performance. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 87.13% compared to the 5-day average, which may indicate caution among investors despite the price increase.
In the broader market context, Shantai Industries has outperformed the Sensex over the past week and month, with returns of 3.79% and 3.72%, respectively, compared to the Sensex's 0.66% and 0.52%. This indicates that the stock is gaining traction relative to the overall market. The significant rise in stock price today, coupled with its strong performance over the past three years, where it has increased by 122.84% compared to the Sensex's 43.84%, suggests that investor sentiment remains positive despite the recent drop in delivery volumes. Overall, while the stock is rising, the decrease in investor participation could be a factor to monitor moving forward.