Why is Astonea Labs falling/rising?

As of 15-Jul, Astonea Labs Ltd is experiencing a price increase, currently at Rs. 177.00, reflecting a rise of 8.0 points or 4.73%. The stock has shown strong performance recently, with a notable increase of 21.19% over the past week and 24.65% over the past month. Today, it reached a new 52-week and all-time high of Rs. 183.9, outperforming its sector by 3.48%. Despite this positive momentum, there has been a decline in investor participation, with delivery volume falling by 37.28% against the 5-day average, which may indicate some caution among investors. Additionally, the stock is trading above all its key moving averages, suggesting a bullish trend.
In the broader market context, Astonea Labs has significantly outperformed the Sensex, which has declined by 1.36% over the past week while the stock rose by 21.19%. This stark contrast highlights the stock's strong relative performance in a challenging market environment. The Sensex has only gained 1.79% over the past month, further emphasizing Astonea Labs' robust returns compared to the benchmark. Overall, the stock's recent gains can be attributed to its strong price performance and positive technical indicators, despite the noted decrease in trading volume.