Why is Belrise Industri falling/rising?

As of 24-Jul, Belrise Industries Ltd is experiencing a price increase, currently at Rs. 132.30, reflecting a rise of Rs. 1.6 or 1.22%. The stock has shown strong performance recently, gaining 8.84% over the past week and 34.88% over the past month. Today, it reached a new 52-week and all-time high of Rs. 133.5, outperforming its sector by 0.29%. The stock has been on a consecutive gain streak for the last five days, indicating positive momentum. However, there has been a noted decline in investor participation, with delivery volume falling by 8.34% against the five-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, while Belrise Industries has outperformed the Sensex, which has seen a slight decline of 0.09% over the past week, the stock's strong returns highlight its relative strength. The stock's performance contrasts sharply with the benchmark's modest gains of 0.16% over the past month. This indicates that while the overall market may be struggling, Belrise Industries is attracting investor interest, likely due to its recent achievements and positive technical indicators, such as trading above all key moving averages. However, the decrease in delivery volume may warrant attention as it could impact future price movements.