Why is Apex Ecotech falling/rising?

As of 22-Sep, Apex Ecotech Ltd is experiencing a significant rise in its stock price, currently at Rs 164.60, reflecting an increase of Rs 26.6 or 19.28%. The stock has shown strong performance, with a weekly return of +15.92% and a monthly return of +45.41%, significantly outperforming the Sensex, which has only increased by +0.53% over the same week and +1.34% over the month. Additionally, the stock is trading above all its moving averages, indicating a bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 81.48% against the 5-day average, which may raise concerns about the sustainability of this price movement.
Broader Market Context: In the context of the broader market, Apex Ecotech's strong short-term performance stands in stark contrast to the Sensex, which has only seen modest gains. The stock's year-to-date return of +33.82% also outpaces the Sensex's +6.59%, highlighting its relative strength. Despite the positive price movement, the significant drop in delivery volume could suggest a potential weakening of investor confidence, which may impact future price stability. Overall, while the stock is currently rising, the declining investor participation could be a factor to monitor closely.