Why is Venus Pipes falling/rising?

As of 10-Jul, Venus Pipes & Tubes Ltd is experiencing a slight increase in its stock price, currently at Rs 1,626.45, reflecting a change of 1.45 (0.09%) upwards. The stock has shown strong performance recently, gaining 13.33% over the past week and 10.85% over the past month, while it has been on a consecutive gain streak for the last five days. The stock opened with a notable gain of 3.57% today and reached an intraday high of Rs 1,682.95. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. The company benefits from high management efficiency, a strong ability to service debt, and healthy long-term growth metrics, which are supported by increased institutional holdings.
In the broader market context, while Venus Pipes has outperformed the Sensex with a 13.33% return over the past week compared to the benchmark's slight decline of 0.06%, it has underperformed its sector by 0.71% today. The stock's year-to-date performance shows a gain of 7.96%, which is better than the Sensex's 6.46% increase, but it has struggled over the past year with a decline of 21.04% compared to the benchmark's 4.09% rise. The rising investor participation, indicated by a significant increase in delivery volume, suggests growing confidence in the stock, further contributing to its recent upward movement.