Why is ACS Tech falling/rising?

As of 17-Sep, ACS Technologies Ltd is experiencing a price increase, with its current price at Rs.34.27, reflecting a change of 0.67 or 1.99% upward. The stock has reached a new 52-week high today and has shown strong performance, gaining 40.68% over the last 18 days. It has outperformed its sector by 0.98% today and has positive momentum as it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has dropped by 84.6% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement. Additionally, the majority of shareholders are non-institutional, which could impact the stock's stability.
In the broader market context, ACS Technologies Ltd has significantly outperformed the Sensex over the past week, with a return of 10.33% compared to the Sensex's 1.56%. Over the past month, the stock has also shown a remarkable return of 39.03%, while the Sensex has only increased by 2.60%. This strong relative performance indicates that the stock is gaining traction among investors, despite the recent drop in delivery volumes. Overall, while the stock is rising, the decrease in investor participation could signal potential volatility ahead.