Why is Ace Men falling/rising?

As of 17-Sep, Ace Men Engg Works Ltd is experiencing a price increase, currently at Rs. 96.98, which reflects a rise of 1.34 or 1.4%. The stock has recently hit a new 52-week and all-time high of Rs. 97.5 today. It has shown strong performance over the past week with a gain of 9.21%, and over the past month, it has surged by 52.75%. Additionally, the stock is 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 falling by 79.97% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, Ace Men has significantly outperformed the benchmark Sensex, which has only increased by 1.56% over the past week. The stock's year-to-date return of 9.58% also surpasses the Sensex's 5.83% gain, and its impressive 3-year return of 148.99% compared to the Sensex's 40.54% further highlights its strong performance. Despite the recent drop in delivery volume, the overall upward movement in price and returns indicates a positive sentiment among investors, particularly in the short term, as the stock continues to attract attention in a relatively favorable market environment.