Why is Akanksha Power falling/rising?

As of 09-Jun, Akanksha Power & Infrastructure Ltd is experiencing a price increase, with its current price at 124.95, reflecting a rise of 7.6 or 6.48%. The stock has shown strong performance today, outperforming its sector by 4.95%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, as the delivery volume on June 6 fell by 17.22% compared to the 5-day average. In terms of returns, the stock has gained 17.88% over the past week and 47.00% over the past month, significantly outpacing the Sensex, which has risen by only 1.56% and 4.56% respectively.
In the broader market context, while Akanksha Power has shown impressive short-term returns, it has underperformed year-to-date with a decline of 16.14%, while the Sensex has increased by 6.17%. This contrast highlights the stock's volatility and potential recovery after a challenging start to the year. Despite the recent positive momentum, the decrease in delivery volume may suggest caution among investors, which could impact future price movements. Overall, the stock's recent rise can be attributed to strong short-term performance and favorable trading conditions, despite some underlying concerns regarding investor engagement.