Why is Addi Industries falling/rising?

As of 30-Jul, Addi Industries Ltd's stock price is rising, currently at Rs. 124.09, reflecting an increase of 5.9 or 4.99%. The stock has recently hit a new 52-week high and has outperformed its sector by 5% today. It has been on a consecutive gain streak for the last three days, accumulating a total return of 13.95% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, there has been a decline in investor participation, with delivery volume falling by 17.87% compared to the 5-day average, which may suggest some caution among investors.
In the broader market context, Addi Industries has significantly outperformed the benchmark Sensex over various time frames. Over the past week, the stock has gained 13.22% while the Sensex has declined by 1.50%. In the last month, Addi Industries has risen by 26.73%, contrasting with a 2.54% drop in the benchmark. Year-to-date, the stock has surged by 196.44%, compared to a modest 4.28% increase in the Sensex. This stark difference in performance highlights the strength of Addi Industries in the current market environment, despite the recent dip in trading volume.