Why is Simplex Castings falling/rising?

As of 24-Oct, Simplex Castings Ltd is experiencing a price increase, currently at Rs 492.00, which reflects a rise of Rs 11.6 or 2.41%. The stock has shown strong performance today, outperforming its sector by 3.77% and reaching an intraday high of Rs 496.5, marking a 3.35% increase. Over the past week, the stock has risen by 7.07%, and it has demonstrated impressive returns over longer periods, including a 56.17% increase year-to-date and a staggering 1272.38% over the past three years. However, there is a notable decline in investor participation, with delivery volume dropping by 63.1% compared to the five-day average, which could indicate a potential concern for future trading activity.
Broader market context shows that while Simplex Castings has outperformed the Sensex, which has only increased by 0.31% over the past week, the stock's strong returns highlight its robust performance relative to the broader market. The stock is trading above all its moving averages, suggesting a bullish trend, yet the falling delivery volume may signal caution among investors. Overall, the combination of strong historical performance and current price movement indicates a positive outlook, despite the recent decline in trading volume.