Why is Aris Interna. falling/rising?

As of 11-Jun, Aris International Ltd's stock price is rising, currently at Rs. 441.75, reflecting an increase of 8.65 or 2.0%. The stock has reached a new 52-week and all-time high today, having outperformed its sector by 1.67%. It has been on a consecutive gain streak for the last four days, accumulating an impressive 8.22% return during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 94.78% against the 5-day average, which may raise concerns about sustainability in the stock's upward trajectory.
In the broader market context, Aris International Ltd has significantly outperformed the Sensex benchmark over various time frames, with a year-to-date return of 532.34% compared to the Sensex's 5.60%. Over the past week, the stock has risen by 6.06%, while the Sensex has only increased by 1.87%. This substantial outperformance suggests strong investor interest and confidence in Aris International Ltd, despite the recent drop in delivery volume. Overall, the positive returns and recent price movements indicate a bullish sentiment surrounding the stock, even as liquidity concerns may warrant caution among investors.