Why is Belrise Industri falling/rising?

As of 23-Sep, Belrise Industries Ltd is experiencing a price increase, currently at Rs. 159.95, which reflects a rise of Rs. 6.0 or 3.9%. The stock has recently hit a new 52-week and all-time high of Rs. 164.6 today, showcasing a strong performance with an intraday high that represents a 6.92% increase. Additionally, the stock has outperformed its sector by 3.4%. Over the past week, Belrise Industries has shown a return of +10.39%, significantly outperforming the Sensex, which has declined by 0.34%. However, there has been a notable decrease in investor participation, with delivery volume falling by 51.16% against the 5-day average, which may indicate a potential concern for future trading activity.
In the broader market context, while Belrise Industries has demonstrated strong short-term returns, the Sensex has only increased by 0.98% over the past month, suggesting that the stock is gaining traction independently of the overall market trends. The stock's performance over the last week and month indicates a robust upward trajectory, contrasting with the benchmark's lackluster performance. Despite the positive price movement, the decline in delivery volume could signal caution among investors, which may affect future price stability.