Why is Anka India falling/rising?

As of 30-Jul, Anka India Ltd's stock price is currently at 41.78, reflecting an increase of 0.81, or 1.98%. The stock has been on a positive trajectory, gaining for the last 16 days and achieving a remarkable 59.16% return during this period. Additionally, it has outperformed its sector by 1.83% today. The stock's performance over various time frames has been impressive, with a 1-week return of 22.16% and a year-to-date return of 104.20%. However, there has been a decline in investor participation, with delivery volume dropping by 22.1% compared to the 5-day average, which may indicate a potential concern for future momentum.
In the broader market context, Anka India has significantly outperformed the Sensex, which has seen a decline of 1.50% over the past week and a drop of 2.54% over the past month. This stark contrast highlights the strength of Anka India’s stock performance relative to the benchmark. The stock's consistent trading above its moving averages further supports its upward trend, while the liquidity remains adequate for trading. Overall, the combination of strong returns and positive price movement, despite a decrease in delivery volume, suggests that investor sentiment remains bullish on Anka India Ltd.