Why is Shri Balaji falling/rising?

As of 20-Oct, Shri Balaji Valve Components Ltd is experiencing a price increase, currently at Rs 130.50, reflecting a change of 4.55 or 3.61% upward. The stock has shown positive performance today, outperforming its sector by 2.94% and achieving a consecutive gain over the last two days with a total return of 5.24%. It reached an intraday high of Rs 139, indicating strong upward momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 80% compared to the 5-day average, which may raise concerns about sustainability. The stock is currently trading above its moving averages across various time frames, suggesting a bullish trend despite its significant year-to-date decline of 18.44%.
Broader Market Context: In the short term, Shri Balaji's performance over the past week shows a return of 5.28%, which significantly outpaces the Sensex's return of 2.47% during the same period. This indicates that the stock is gaining traction relative to the broader market, despite its longer-term struggles, including a substantial 53.23% decline over the past year compared to the Sensex's modest gain of 3.86%. The high volatility observed today, with an intraday volatility of 5.32%, further emphasizes the stock's dynamic trading environment, which could be influenced by market sentiment and investor reactions to recent price movements.