Why is Apex Ecotech falling/rising?

As of 01-Oct, Apex Ecotech Ltd is experiencing a price increase, currently trading at 144.00, which reflects a rise of 9.45 or 7.02%. The stock has shown strong performance over the past month with an increase of 11.63%, significantly outperforming the Sensex, which only rose by 0.86%. Additionally, Apex Ecotech 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 notable decline in investor participation, with delivery volume falling by 67.03% against the 5-day average, which may raise concerns about the sustainability of the current price movement.
Broader Market Context: In the short term, Apex Ecotech's performance has been more favorable compared to the benchmark, as it has outperformed the Sensex by 5.99% today. While the stock has shown a decline of 3.26% over the past week, its year-to-date return of 17.07% contrasts sharply with the Sensex's 5.04% increase, suggesting that investor sentiment towards Apex Ecotech remains relatively strong despite recent fluctuations. Overall, the stock's upward movement today can be attributed to its strong performance metrics and positive technical indicators, even as liquidity concerns arise from decreased trading volumes.