Why is Zenith Steel falling/rising?

As of 17-Oct, Zenith Steel Pipes & Industries Ltd is experiencing a price increase, currently at 8.89, reflecting a change of 0.42 or 4.96% upward. The stock has shown strong performance recently, gaining 6.72% over the last two days and outperforming its sector by 5.94% today. Additionally, it has positive returns over the past month at +16.97% and year-to-date at +10.71%, although it has underperformed over the past year with a decline of -7.20%. The stock is trading above its moving averages across various timeframes, indicating a bullish trend. However, there is a notable decline in investor participation, with delivery volume falling by -96.27% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
In the broader market context, while Zenith Steel's short-term performance has been strong, it has lagged behind the benchmark Sensex over the past week, which has gained +1.76%. Despite this, the stock's longer-term performance over three years and five years significantly outpaces the benchmark, with returns of +65.86% and +826.04%, respectively. This suggests that while the stock is currently rising, it is essential to consider the broader market dynamics and recent declines in trading volume, which could impact future performance.