Why is CG-VAK Software falling/rising?

As of 23-Sep, CG-VAK Software & Exports Ltd is experiencing a price increase, with the current price at Rs 307.00, reflecting a rise of Rs 13.6 or 4.64%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite opening with a loss of 2.86%, it reached an intraday high of Rs 318, indicating significant volatility with a wide trading range of Rs 33. The stock has outperformed its sector by 5.23%, and it is currently trading above all its moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 61.39% compared to the 5-day average, which may impact future price movements.
In the broader market context, CG-VAK Software has outperformed the Sensex in the short term, with a weekly return of +20.34% compared to the benchmark's -0.34%. Over the past month, the stock has also shown a positive return of +18.17%, while the Sensex has only increased by 0.98%. Despite a year-to-date decline of 6.33% against the Sensex's gain of 5.07%, the recent performance indicates a strong recovery relative to the market. Overall, while the stock is currently rising, the significant drop in delivery volume suggests caution among investors, which could affect its momentum moving forward.