Why is Bluegod Enterta. falling/rising?

As of 16-Oct, Bluegod Entertainment Ltd is currently priced at 2.72, reflecting an increase of 0.05 or 1.87%. The stock has been on an upward trend, gaining for the last five days and achieving a return of 9.68% over that period. Despite this positive momentum, it has underperformed its sector by 1.96% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume falling by 20% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
Broader Market Context: In comparison to the benchmark, the Sensex has only increased by 1.58% over the past week, highlighting that Bluegod Entertainment Ltd's performance is significantly stronger, with a 9.68% rise in the same timeframe. This outperformance is further emphasized by the stock's year-to-date return of 211.26%, compared to the Sensex's 6.82%. The packaging sector, in which Bluegod operates, has also seen gains of 3.83%, contributing to a favorable environment for the stock. Overall, while the stock is experiencing a rise, the decline in investor participation may warrant attention as it could affect future price movements.