Why is Adinath Textiles falling/rising?

As of 24-Sep, Adinath Textiles Ltd is experiencing a price increase, currently at Rs 21.75, reflecting a rise of 1.03 or 4.97%. The stock has shown strong performance today, outperforming its sector by 5.4% and has been on a consecutive gain streak for the last six days, accumulating a total return of 33.85% during this period. Despite this positive momentum, the stock's year-to-date performance remains negative at -20.48%, and it has underperformed the benchmark Sensex over the last month, which has seen a slight gain of 0.50%. Notably, the stock opened with a gain of 4.97% today and has maintained this price level throughout the trading session. However, there has been a decline in investor participation, with delivery volume dropping by 35.48% against the five-day average, indicating a potential concern for sustained momentum.
In the broader market context, Adinath Textiles' short-term return of +27.49% over the past week significantly contrasts with the Sensex, which has declined by 1.18% during the same period. This indicates that the stock is gaining traction relative to the overall market, contributing to its recent price rise. However, the longer-term outlook remains challenging, as the stock has underperformed the benchmark over one month, one year, and three years, suggesting that while there is short-term enthusiasm, the overall trend may still be concerning for investors. The stock's liquidity appears adequate for trading, but the falling delivery volume could signal caution among investors moving forward.