Why is Ace Men falling/rising?

As of 19-Sep, Ace Men Engg Works Ltd is currently priced at Rs. 97.00, reflecting an increase of Rs. 0.62 or 0.64%. The stock has recently hit a new 52-week and all-time high of Rs. 97.5 today. It has shown strong performance, with a 1-week return of +6.06% and a remarkable 1-month return of +51.70%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 71.57% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
In the broader market context, Ace Men has outperformed the Sensex, which has only increased by 0.88% over the past week. The stock's year-to-date return of +9.60% also surpasses the Sensex's +5.74%. Over the past year, Ace Men has achieved a return of +51.59%, while the Sensex has declined by 0.67%. This strong performance relative to the benchmark suggests that investor sentiment towards Ace Men remains positive despite the recent drop in trading volume. However, the falling investor participation could indicate potential volatility ahead, which investors should monitor closely.