Why is Super Iron falling/rising?

As of 01-Aug, Super Iron Foundry Ltd is experiencing a price increase, currently at Rs 39.00, which reflects a rise of Rs 1.04 or 2.74%. The stock has shown strong performance recently, gaining 7.85% over the last two days and outperforming its sector by 4.21% today. Despite opening with a loss of 5.14%, the stock reached an intraday high of Rs 39, indicating a recovery during the trading session. However, it is important to note that the stock's delivery volume has decreased significantly, falling by 36.62% against the 5-day average, which may indicate a decline in investor participation. Additionally, while the stock is trading above its 5-day, 20-day, and 50-day moving averages, it remains below its 100-day and 200-day moving averages, suggesting mixed signals regarding its longer-term trend.
In the broader market context, Super Iron Foundry Ltd has outperformed the Sensex, which has declined by 1.06% over the past week, while the stock itself has gained 1.88%. Over the past month, the stock has increased by 13.01%, contrasting sharply with the Sensex's drop of 3.70%. This strong relative performance highlights the stock's resilience in a challenging market environment, further supporting its recent price rise.