Why is Anka India falling/rising?

As of 31-Jul, Anka India Ltd is experiencing a price increase, currently at Rs 42.61, reflecting a rise of Rs 0.83 or 1.99%. The stock has shown remarkable performance, gaining 62.32% over the last 17 consecutive days and significantly outperforming its sector by 2.59% today. Additionally, it has achieved impressive returns over various periods, including a 108.26% increase year-to-date and a 196.73% rise over the past year. However, there has been a notable decline in investor participation, with delivery volume falling by 43.13% against the 5-day average, which could indicate a potential concern for future momentum.
In the broader market context, Anka India has outperformed the benchmark Sensex, which has declined by 1.22% over the past week while Anka India has surged by 18.66%. This trend of strong stock performance against a backdrop of a declining benchmark suggests that investor sentiment remains positive towards Anka India despite the overall market challenges. The stock is also trading above all key moving averages, indicating a strong bullish trend. However, the decrease in delivery volume may warrant attention as it could affect the stock's liquidity and future price movements.