Why is United Drilling falling/rising?

As of 16-Jun, United Drilling Tools Ltd is experiencing a significant rise in its stock price, currently at Rs 243.05, reflecting an increase of Rs 40.15 or 19.79%. The stock has outperformed its sector by 19.55% today and reached an intraday high of Rs 243.05. It has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 62.63% compared to the 5-day average, which may raise concerns about the sustainability of this price movement. The stock's performance over the past week shows a gain of 29.25%, while it has increased by 18.56% over the past month, contrasting with a year-to-date decline of 8.07%.
In the broader market context, the Sensex has shown a slight decline of 0.79% over the past week and 0.65% over the past month, indicating that United Drilling's strong performance is occurring against a backdrop of a generally weak market. While the stock has performed well in the short term, it is important to note that it has underperformed the benchmark on a year-to-date basis, with a decline of 8.07% compared to the Sensex's gain of 4.68%. This divergence suggests that while the stock is currently rising, it may still face challenges in maintaining this momentum in the face of broader market trends.