Why is Super Iron falling/rising?

As of 29-Sep, Super Iron Foundry Ltd's stock price is rising, currently at Rs 48.99, reflecting an increase of Rs 2.33 or 4.99%. The stock has shown strong performance today, outperforming its sector by 4.36% and achieving a consecutive gain over the last two days with a total return of 10.09%. It opened with a gain of 2.87% and reached an intraday high of Rs 48.99. Additionally, the stock's delivery volume significantly increased by 365.52% compared to the 5-day average, indicating rising investor participation. The stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average.
In the broader market context, Super Iron Foundry Ltd has outperformed the Sensex over the past week, with a return of +5.70% compared to the benchmark's decline of -2.18%. However, over the past month, the stock has underperformed with a return of -1.78% against the Sensex's +0.70%. This short-term outperformance relative to the benchmark may contribute to positive sentiment among investors, further driving the stock's price upward.