Why is Vardhman Special falling/rising?

As of 05-Aug, Vardhman Special Steels Ltd is experiencing a price increase, currently at 267.55, reflecting a change of 1.3 or 0.49% upward. The stock has shown strong performance recently, gaining 3.5% over the last two days and outperforming its sector by 0.43%. Additionally, it has positive returns over various periods, including a 1W return of +1.36% and a YTD return of +17.22%. However, there is a notable decline in investor participation, with delivery volume dropping by 46.98% compared to the 5-day average, which could indicate a potential concern for future momentum.
In the broader market context, Vardhman Special Steels Ltd has outperformed the Sensex, which has seen a decline of 0.77% over the past week. This contrast highlights the stock's relative strength in a challenging market environment. Despite the falling investor participation, the stock remains liquid enough for trading, suggesting that while there may be some caution among investors, the overall performance metrics indicate a positive trajectory compared to the benchmark.