Why is Avance Tech. falling/rising?

As of 05-Aug, Avance Technologies Ltd is experiencing a price increase, with its current price at Rs. 1.46, reflecting a change of 0.02 or 1.39% upward. The stock has recently hit a new 52-week high and has shown strong performance, gaining 48.98% over the last 20 days. Additionally, it has outperformed its sector by 0.48%. The stock's impressive returns are evident in its performance over various periods, including a 50.52% increase over the past month and a staggering 3006.38% rise over the last three years. However, there is a noted decline in investor participation, with delivery volume falling by 22.06% against the 5-day average, which could indicate a potential concern for future momentum.
In the broader market context, Avance Technologies Ltd has significantly outperformed the Sensex, which has declined by 0.77% over the past week while the stock itself has risen by 7.35%. This stark contrast highlights the stock's strength relative to the overall market. Furthermore, while the stock remains liquid enough for trading, the decrease in delivery volume suggests that while current performance is strong, there may be underlying factors that could affect future trading activity. Overall, the combination of strong recent performance and a notable divergence from the benchmark indicates a positive sentiment around Avance Technologies Ltd, despite the drop in investor participation.