Why is Thaai falling/rising?

As of 15-Sep, Thaai Casting Ltd's stock price is currently at 128.25, reflecting an increase of 2.1, or 1.66%. The stock has shown strong performance recently, with a 12.55% increase over the past week and a 22.08% rise over the past month, significantly outperforming the Sensex, which has only increased by 1.20% and 1.78% in the same periods, respectively. However, it is important to note that the stock is down 9.62% year-to-date and has decreased by 29.30% over the past year. Despite this, Thaai is trading above its moving averages across various time frames, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 48.55% compared to the 5-day average, which could be a concern for future price stability.
In the broader market context, Thaai's recent performance contrasts sharply with the benchmark Sensex, which has shown a modest increase. The stock's ability to outperform the sector by 0.5% today suggests a positive sentiment among investors, despite the falling delivery volumes indicating reduced trading activity. The liquidity of the stock remains adequate for trading, which may help support its price in the short term. Overall, while Thaai Casting Ltd is experiencing a rise in its stock price, the significant year-to-date decline and reduced investor participation could pose challenges moving forward.