Why is Arunis Abode falling/rising?

As of 01-Jul, Arunis Abode Ltd's stock price is rising, currently at Rs. 338.45, reflecting an increase of Rs. 6.6 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a positive trajectory, gaining for the last 21 days with a total return of 51.23% during this period. Additionally, the stock has significantly outperformed its sector by 2.13%. Over various time frames, Arunis Abode has shown remarkable returns, including a year-to-date increase of 242.32% and a staggering 612.68% rise over the past year. However, there is a notable decline in investor participation, with delivery volume dropping by 95.38% compared to the 5-day average, which may indicate a potential concern for future momentum.
In the broader market context, Arunis Abode's short-term performance of +10.37% over the past week significantly outpaces the Sensex's gain of 2.00% in the same period. This strong relative performance suggests that investor sentiment towards Arunis Abode remains robust despite the falling delivery volumes. The stock's consistent trading above its moving averages further supports its upward trend, indicating strong technical momentum. Overall, while the stock is experiencing a rise, the decline in investor participation could warrant close monitoring as it may affect future price movements.