Why is SP Refractories falling/rising?

As of 01-October, SP Refractories Ltd is experiencing a price increase, currently at 142.95, reflecting a rise of 6.2 or 4.53%. The stock has shown strong performance today, outperforming its sector by 5.21%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 58.33% against the 5-day average. In terms of returns, the stock has increased by 19.92% over the past week, while it has gained 7.68% over the past month, contrasting with the Sensex, which has seen a decline of 0.88% and a modest gain of 0.86% respectively.
In the broader market context, SP Refractories' recent short-term performance stands out against the benchmark, as it has significantly outperformed the Sensex over the past week and month. Despite a year-to-date decline of 18.24% compared to the Sensex's gain of 5.04%, the stock's recent upward movement suggests a recovery phase. The overall market sentiment appears to be more favorable for SP Refractories in the short term, especially given its strong weekly performance relative to the benchmark. However, the long-term outlook remains cautious due to its negative returns over the past year and year-to-date.