Why is Belrise Industri falling/rising?

As of 22-Aug, Belrise Industries Ltd is experiencing a price increase, with the current price at Rs 146.65, reflecting a rise of Rs 1.95 or 1.35%. The stock has shown a strong performance today, outperforming its sector by 1.74% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 150, marking a 3.66% increase. Additionally, the stock has gained 9.07% over the past week and 16.20% over the past month, while it is currently trading above all key moving averages, indicating positive momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 51.14% compared to the five-day average, which could be a concern for sustained upward movement.
In the broader market context, Belrise Industries has significantly outperformed the Sensex, which has only increased by 0.88% over the past week and decreased by 1.07% over the past month. This stark contrast highlights the stock's strong relative performance. While the stock's liquidity remains adequate for trading, the falling investor participation may pose a risk to its continued rise. Overall, the combination of positive short-term returns and the recent trend reversal contributes to the stock's upward movement, despite some concerns regarding declining trading volume.