Why is Arfin India falling/rising?

As of 23-Sep, Arfin India Ltd's stock price is currently at Rs. 47.20, reflecting an increase of 0.26 (0.55%). The stock has recently hit a new 52-week high of Rs. 48.27 and has been on a positive trajectory, gaining for the last 12 consecutive days with a total return of 24.21% during this period. Over the past year, the stock has generated a return of 24.28%, significantly outperforming the BSE500 index over the same timeframe. Despite a recent decline in investor participation, with delivery volume falling by 46.98% against the 5-day average, the stock remains above its moving averages across various timeframes, indicating strong bullish momentum.
In the broader market context, Arfin India has outperformed the Sensex, which has seen a slight decline of 0.34% over the past week, while Arfin India has risen by 9.16% in the same period. This trend of outperformance is consistent with the stock's long-term performance, where it has outpaced the benchmark indices over 1-year, 3-year, and 5-year periods. The stock's strong performance relative to the market, combined with its recent gains and positive returns, suggests that investor sentiment remains favorable despite the drop in trading volume.