Why is Visa Steel falling/rising?

As of 15-Oct, Visa Steel Ltd's stock price is rising, currently at Rs. 66.84, reflecting an increase of Rs. 3.18 or 5.0%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 11 consecutive days with a remarkable total return of 70.86% during this period. It opened with a gain of 5% today and has outperformed its sector by 3.96%. Additionally, Visa Steel has shown impressive returns over various time frames, including a 56.46% increase over the past month and a staggering 369.05% over the last three years. However, there has been a notable decline in investor participation, with delivery volume dropping by 52.82% against the 5-day average, which may indicate a potential concern for future momentum.
Broader market context shows that while Visa Steel has significantly outperformed the Sensex, which only increased by 1.02% over the past week, the overall market remains relatively stable. The stock's strong performance contrasts sharply with the benchmark, highlighting its robust demand and investor interest despite the recent drop in delivery volumes. This suggests that while the stock is currently experiencing upward momentum, the declining participation could be a factor to monitor moving forward, as it may affect the sustainability of its price increases.