Why is Befound Movement falling/rising?

As of 04-September, Befound Movement Limited's stock price is currently at Rs. 6.19, reflecting an increase of Rs. 0.12, or 1.98%. The stock has recently hit a new 52-week high and has been on a positive trajectory, gaining for the last 21 consecutive days. Over the past month, it has delivered an impressive return of 47.73%, significantly outperforming the Sensex, which has seen a decline of 0.37% in the same period. Additionally, the stock is trading above its moving averages across various time frames, indicating strong upward momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 62.02% compared to the 5-day average, which may raise concerns about the sustainability of this price increase.
In the broader market context, Befound Movement's short-term performance has been exceptional, with a 9.95% increase over the past week, while the Sensex has only risen by 0.80%. This stark contrast highlights the stock's strong relative strength in a generally stable market environment. Year-to-date, Befound Movement has achieved a remarkable return of 53.98%, compared to the Sensex's modest gain of 3.30%. Such performance suggests that investor sentiment towards Befound Movement remains positive, despite the recent drop in trading volume, which could indicate a potential shift in market dynamics if it continues.