Why is Addi Industries falling/rising?

As of 02-Jul, Addi Industries Ltd is experiencing a price increase, with its current price at 101.86, reflecting a rise of 1.99 (1.99%). The stock has been on a positive trajectory, gaining for the last four days and achieving a total return of 6.38% during this period. Additionally, it has outperformed its sector by 1.77%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 94.56% against the 5-day average, which may raise concerns about the sustainability of this upward trend.
In the broader market context, Addi Industries has significantly outperformed the Sensex benchmark over various periods, including a year-to-date return of 143.33% compared to the Sensex's 6.75%. Over the past week, the stock has risen by 4.26%, while the Sensex has only increased by 0.79%. This strong performance relative to the benchmark suggests that investor sentiment remains positive towards Addi Industries, despite the recent drop in delivery volume. The overall market conditions appear to be supportive of the stock's rise, but the falling investor participation could be a factor to monitor moving forward.