Why is ACS Tech falling/rising?

As of 23-Sep, ACS Technologies Ltd is experiencing a price increase, currently at Rs. 37.07, which reflects a rise of 0.72 or 1.98%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 21 days with a remarkable return of 50.39% over the past month. It is also 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 decreased by 76.48% compared to the 5-day average. Additionally, the majority of shareholders are non-institutional, which may influence the stock's volatility and trading dynamics.
In the broader market context, ACS Technologies has significantly outperformed the Sensex, which has seen a slight decline of 0.34% over the past week. The stock's impressive 10.33% gain in the same period highlights its strong performance relative to the benchmark. While the stock is liquid enough for trading, the falling delivery volume could indicate a potential concern for future price stability. Overall, the combination of strong recent performance and the current market dynamics suggests that ACS Technologies is rising, but the drop in investor participation may warrant caution moving forward.