Why is Standard Glass falling/rising?

As of 29-Jul, Standard Glass Lining Technology Ltd is experiencing a price increase, currently at Rs 180.65, reflecting a rise of Rs 4.65 or 2.64%. The stock has shown positive momentum, having gained 3.23% over the last two days and outperforming its sector by 1.59% today. Despite opening lower with a loss of 2.27%, it reached an intraday high of Rs 180.65. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume falling by 50.56% compared to the 5-day average, which could suggest reduced interest from investors.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 1.03% over the past week while Standard Glass has increased by 1.09%. Over the past month, the stock has risen by 5.03%, contrasting with the Sensex's drop of 3.24%. This relative strength indicates that Standard Glass is gaining traction in a challenging market environment, although the significant drop in delivery volume may raise concerns about sustainability in its upward movement.