Why is Avax Apparels falling/rising?

As of 24-Sep, Avax Apparels and Ornaments Ltd is experiencing a price increase, currently at Rs 133.35, which reflects a rise of 6.35 or 5.0%. The stock has shown strong performance recently, gaining 11.13% over the last three days and outperforming its sector by 5.19% today. Despite opening with a loss of 5%, the stock reached an intraday high of Rs 133.35, indicating a recovery during the trading session. However, it also faced a wide trading range of Rs 12.7 and high volatility, with intraday fluctuations of 5%. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 21.88% compared to the 5-day average.
In the broader market context, Avax Apparels has outperformed the benchmark Sensex over the past week, with a return of 11.12% compared to the Sensex's decline of 1.18%. Over the past month, the stock has also shown a strong return of 14.12%, while the Sensex has only increased by 0.50%. This contrast highlights the stock's relative strength in a challenging market environment. Despite the positive short-term performance, the decline in delivery volume may raise concerns about sustained interest from investors, which could impact future price movements.