Why is Belrise Industri falling/rising?

As of 09-Jun, Belrise Industries Ltd is experiencing a price increase, currently at Rs. 103.61, which reflects a rise of Rs. 5.25 or 5.34%. The stock reached a new 52-week and all-time high of Rs. 104.65 today, indicating strong upward momentum. It has outperformed its sector by 4.23% and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 39.06% against the 5-day average, which could suggest a potential concern for sustained momentum. Unfortunately, the Positive and Negative Dashboard data is not available to provide further insights into the underlying factors affecting the stock.
In the broader market context, Belrise Industries has shown a remarkable short-term return of 11.79% over the past week, significantly outperforming the Sensex, which only increased by 1.32% during the same period. This strong performance relative to the benchmark indicates positive investor sentiment towards the stock, despite the recent decline in delivery volume. The liquidity of the stock remains adequate for trading, with a value of Rs. 4.96 crore based on 2% of the 5-day average traded value, which supports its current price movement.