Why is Super Iron falling/rising?

As of 05-Aug, Super Iron Foundry Ltd's stock price is currently at 38.62, reflecting an increase of 0.76 or 2.01%. The stock has shown strong performance recently, with a 5.35% increase over the past week and an impressive 11.72% rise over the past month, significantly outperforming the Sensex, which has declined by 0.77% and 3.26% in the same periods, respectively. However, despite this positive price movement, there has been a notable decline in investor participation, with delivery volume on 04 Aug falling by 76.56% compared to the 5-day average. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages, indicating mixed signals regarding its longer-term trend.
In the broader market context, Super Iron Foundry Ltd has outperformed the sector by 2.65% today, suggesting that its recent price increase is not solely driven by market trends but also by company-specific factors. The Sensex's performance has been lackluster, which contrasts with Super Iron's positive returns, indicating that the stock is gaining traction independently of broader market movements. However, the lack of available positive or negative dashboard data limits a more comprehensive understanding of the factors influencing the stock's recent performance. Overall, while the stock is rising, the significant drop in investor participation could be a concern for its sustainability moving forward.