Why is Belrise Industri falling/rising?

As of 15-Jul, Belrise Industries Ltd is experiencing a price increase, currently at Rs 119.35, reflecting a rise of Rs 2.3 or 1.96%. The stock has recently hit a new 52-week and all-time high of Rs 120.3, indicating strong upward momentum. It has outperformed its sector by 0.3% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 6.04%, and over the past month, it has risen by 17.10%, significantly outperforming the Sensex, which has declined by 1.36% over the same period. However, there has been a notable decrease in investor participation, with delivery volume falling by 49.54% against the 5-day average, which may raise concerns about sustainability in the stock's upward trend.
In the broader market context, Belrise Industries Ltd's strong short-term performance stands in stark contrast to the Sensex, which has shown a decline over the past week and a modest gain of only 1.79% over the past month. This divergence suggests that investor sentiment towards Belrise is particularly positive, despite the overall market's struggles. The liquidity of the stock remains adequate for trading, indicating that it can accommodate significant trade sizes, which may further support its price stability. Overall, while the stock is currently rising, the drop in delivery volume could signal potential caution among investors regarding future price movements.