Why is Arunis Abode falling/rising?

As of 24-Jul, Arunis Abode Ltd is experiencing a price increase, currently at Rs. 473.40, which reflects a rise of Rs. 9.25 or 1.99%. 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 21 days, yielding a remarkable 51.37% return during this period. Additionally, the stock has significantly outperformed its sector by 2.73%. Over various time frames, Arunis Abode has shown exceptional returns, including a year-to-date increase of 378.81% and a staggering 1009.96% over the past year. However, there is a noted decline in investor participation, with delivery volume dropping by 81.86% against the 5-day average, which could indicate a potential concern for future price stability.
In the broader market context, while Arunis Abode has shown impressive short-term performance, the benchmark Sensex has remained relatively flat, with a slight decline of 0.09% over the past week. This stark contrast highlights the stock's strong momentum compared to the overall market. The stock's ability to trade above its moving averages across various time frames further supports its upward trajectory, despite the recent drop in trading volume. Overall, the combination of strong returns and a recent high suggests that investor sentiment remains positive, even as participation levels fluctuate.