Why is Arunis Abode falling/rising?

As of 24-Jun, Arunis Abode Ltd is experiencing a rise in its stock price, currently at Rs. 306.65, reflecting an increase of 6.0 points or 2.0%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 17 days, accumulating a remarkable 39.74% return during this period. Additionally, the stock has significantly outperformed the sector by 1.08% today. Over the past week, Arunis Abode has shown a return of +10.37%, and its year-to-date performance stands at an impressive +210.15%. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 45.72% against the 5-day average.
In the broader market context, the Sensex has only increased by 0.58% over the past week, highlighting Arunis Abode's strong performance relative to the benchmark. The stock's ability to trade above its moving averages across various timeframes indicates a robust upward trend. Despite the falling investor participation, the liquidity remains adequate for trading, suggesting that the stock's rise is driven by strong demand despite the recent drop in delivery volume. Overall, the combination of consistent gains, significant outperformance against the sector and benchmark, and the achievement of new price highs contributes to the positive momentum in Arunis Abode's stock price.