Why is Thaai falling/rising?

As of 08-Sep, Thaai Casting Ltd's stock price is currently at 113.95, reflecting an increase of 2.9, or 2.61%. The stock has shown strong performance recently, with a 1-week return of 7.25% and a 1-month return of 8.52%, both significantly outperforming the Sensex, which returned 0.60% and 1.68% respectively over the same periods. Additionally, Thaai 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 45.74% compared to the 5-day average, which may raise concerns about the sustainability of the stock's upward movement. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent performance.
Broader Market Context: In the context of the broader market, Thaai's short-term returns have significantly outperformed the Sensex, suggesting that the stock is gaining traction relative to the overall market. While the stock has experienced a year-to-date decline of 19.70%, the recent upward movement indicates a potential recovery phase, especially in light of the positive short-term performance. The broader market has shown a modest gain of 4.77% year-to-date, which contrasts with Thaai's recent gains, highlighting the stock's relative strength in a generally stable market environment.