Why is Beezaasan Exp. falling/rising?

As of 10-Jun, Beezaasan Explotech Ltd is experiencing a price increase, currently at Rs 260.00, reflecting a rise of Rs 5.9 or 2.32%. The stock has shown strong performance recently, gaining 7.44% over the last two days and outperforming its sector by 2.35% today. It is currently trading close to its 52-week high, just 4.73% away from Rs 272.3. Additionally, the stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 15.95% compared to the 5-day average, which may suggest some caution among investors.
In the broader market context, Beezaasan Explotech Ltd has significantly outperformed the benchmark Sensex over the past week and month, with returns of 12.07% and 20.37%, respectively, compared to the Sensex's 2.05% and 3.70%. This strong relative performance indicates that the stock is gaining traction among investors despite the recent drop in delivery volume. The liquidity of the stock remains adequate for trading, which supports its upward movement in price. Overall, the combination of strong short-term returns and positive trading indicators contributes to the stock's rising price.