Why is Belrise Industri falling/rising?

As of 17-Sep, Belrise Industries Ltd is experiencing a price increase, currently at Rs 154.50, reflecting a rise of Rs 9.6 or 6.63%. The stock has shown strong performance recently, with a 1-week return of +8.99% and a 1-month return of +14.91%, significantly outperforming the Sensex, which has returned +1.56% over the same week and +2.60% over the month. The stock is also close to its 52-week high, just 1.75% away from Rs 157.2, and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a decline in investor participation, with delivery volume falling by 8.56% compared to the 5-day average, indicating a potential concern for sustained momentum.
Broader Market Context: In the context of the broader market, Belrise Industries' recent performance stands out, especially given its substantial outperformance against the sector by 6.67% today. While the Sensex has shown modest gains, Belrise's strong returns over the past week and month suggest a positive sentiment among investors. The stock's liquidity remains adequate for trading, with a significant volume traded, although the decrease in delivery volume could signal caution among investors. Overall, the stock's rise appears to be driven by strong short-term performance relative to the benchmark, despite some signs of reduced investor engagement.