Why is Belrise Industri falling/rising?

As of 22-Jul, Belrise Industries Ltd is experiencing a price increase, with its current price at Rs. 126.20, reflecting a change of 1.65 or 1.32% upward. The stock has recently hit a new 52-week and all-time high of Rs. 128.25 today, and it has outperformed its sector by 2.38%. Over the past week, the stock has gained 5.74%, and in the last three days, it has risen by 3.83%. However, there is a notable decline in investor participation, with delivery volume dropping by 54% against the 5-day average, which may indicate some caution among investors despite the positive price movement.
In the broader market context, Belrise Industries has significantly outperformed the Sensex, which has seen a decline of 0.47% over the past week. This contrast highlights the stock's strong performance relative to the market. While the stock is trading above all its moving averages, indicating a bullish trend, the falling delivery volume suggests that the recent price increases may not be supported by robust buying interest. Overall, the stock's rise is primarily driven by positive short-term performance metrics, despite the concerning drop in investor participation.