Why is Aegis Vopak Term falling/rising?

As of 15-Jul, Aegis Vopak Terminals Ltd is experiencing a price increase, currently at Rs. 267.10, which represents a rise of 10.05 or 3.91%. The stock has recently hit a new 52-week and all-time high of Rs. 269.6, indicating strong upward momentum. It has outperformed its sector by 3.08% today and has shown a trend reversal after two consecutive days of decline. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive technical outlook. However, there has been a notable decline in investor participation, with delivery volume dropping by 30.21% compared to the 5-day average, which could indicate a potential concern for sustained buying interest.
In the broader market context, Aegis Vopak's stock has outperformed the Sensex over the past week, with a return of 6.90% compared to the benchmark's decline of 1.36%. Over the past month, the stock has also shown a strong performance with a 13.47% increase, while the Sensex has only risen by 1.79%. This contrast highlights the stock's relative strength in a challenging market environment. Overall, while the stock is currently rising, the decrease in delivery volume may warrant attention as it could affect future price movements.