Why is Betex India falling/rising?

As of 17-Oct, Betex India Ltd's stock price is currently at 521.00, reflecting an increase of 0.35, or 0.07%. The stock has recently hit a new 52-week and all-time high of Rs. 593.95, indicating strong upward momentum. Over the past week, the stock has gained 7.90%, and it has outperformed the Sensex, which only rose by 1.76% during the same period. Additionally, Betex India has shown impressive returns over longer periods, including a 48.86% increase over the past year and a staggering 622.61% over the last three years. However, it is noteworthy that the delivery volume has decreased by 20.88% compared to the five-day average, suggesting a potential decline in investor participation, which could impact future price movements.
In the broader market context, Betex India's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 1.52% over the past month. This strong relative performance may attract further investor interest, despite the noted decline in delivery volume. The stock's consistent trading above its moving averages indicates a bullish trend, reinforcing the positive sentiment around it. Overall, while the stock is currently rising, the drop in investor participation could be a factor to monitor moving forward, as it may influence the stock's ability to maintain its upward trajectory in the near term.