Why is Avax Apparels falling/rising?

As of 13-Oct, Avax Apparels and Ornaments Ltd is experiencing a price increase, currently at Rs. 160.00, reflecting a rise of Rs. 6.45 or 4.2%. The stock has recently hit a new 52-week and all-time high of Rs. 161.15 today and has outperformed its sector by 4.82%. Over the past five days, the stock has shown a significant gain of 26.58%, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 61.54% against the five-day average, which could suggest a potential concern regarding sustained interest in the stock.
Broader Market Context: In comparison to the benchmark, the Sensex has only increased by 0.66% over the past week, highlighting that Avax Apparels is significantly outperforming the broader market. This strong performance is further supported by the stock trading above its various moving averages, indicating a bullish trend. Despite the erratic trading noted, where the stock did not trade on one day out of the last twenty, the overall liquidity remains sufficient for trading activities.