Why is Tirupati Forge falling/rising?

As of 23-Oct, Tirupati Forge Ltd is experiencing a price increase, currently at 43.37, which reflects a rise of 4.11 or 10.47%. The stock has shown strong performance today, outperforming its sector by 7.75%. Additionally, it 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 69.33% against the 5-day average. Despite this, the stock remains liquid enough for trading, as it represents 2% of the 5-day average traded value. Over the past week, the stock has increased by 11.52%, while its performance over the past month shows a rise of 15.59%. Year-to-date, however, it is down 28.59%.
In the broader market context, Tirupati Forge's recent performance significantly outpaces the Sensex, which has only risen by 1.20% over the past week and 2.87% over the past month. This indicates that the stock is gaining traction relative to the overall market. Despite a year-to-date decline, the stock's strong short-term returns suggest a potential recovery phase, especially when compared to the benchmark's modest gains. The positive momentum in the short term, coupled with the stock's ability to outperform its sector, suggests that investors may be responding favorably to its recent price movements, despite the drop in delivery volumes.