Why is Astonea Labs falling/rising?

As of 10-Jun, Astonea Labs Ltd is experiencing a price increase, currently at Rs. 147.75, which reflects a rise of Rs. 5.55 or 3.9%. The stock has reached a new 52-week and all-time high of Rs. 149 today, marking a significant upward movement. It has shown consecutive gains over the last three days, accumulating a total return of 9.44% during this period. Furthermore, Astonea Labs is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 66.39% compared to the 5-day average, which could suggest a potential concern for future momentum.
In the broader market context, Astonea Labs has outperformed the benchmark Sensex over the past week, with a return of 7.85% compared to the Sensex's 2.05%. This strong performance relative to the benchmark highlights the stock's robust position in the market, despite the decline in trading volume. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, while the stock is rising, the falling investor participation could be a factor to monitor moving forward.