Why is Anka India falling/rising?

As of 15-Jul, Anka India Ltd's stock price is currently at 27.88, reflecting an increase of 0.54 or 1.98%. The stock has been on an upward trend, gaining for the last five days and achieving a return of 6.21% during this period. Despite a significant decline of 15.10% over the past month, the stock has shown impressive year-to-date growth of 36.27% and a remarkable 98.86% increase over the past year. However, there has been a noted decrease in investor participation, with delivery volume falling by 21.88% against the five-day average, which could indicate a potential concern for sustained momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.36% over the past week, Anka India Ltd has significantly outperformed the market. The stock's performance today has outpaced its sector by 1.41%, highlighting its relative strength. While the stock is currently above its 5-day, 20-day, and 200-day moving averages, it remains below the 50-day and 100-day moving averages, suggesting mixed signals regarding its short-term trend. Overall, the stock's recent rise can be attributed to its strong short-term performance relative to the broader market, despite some concerns regarding declining investor participation.