Why is Checkpoint Trend falling/rising?

As of 02-Jul, Checkpoint Trends Ltd is experiencing a price increase, with its current price at Rs 27.98, reflecting a change of 0.54 or 1.97% upward. The stock has shown impressive performance, gaining 53.32% over the last 17 consecutive days. It is currently trading close to its 52-week high, just 3.22% away from Rs 28.88. Additionally, the stock has significantly outperformed the sector by 1.89%. Over various periods, Checkpoint Trends has demonstrated remarkable returns, including a 114.41% increase year-to-date and a staggering 217.23% rise over the past year. However, there has been a notable decline in investor participation, with delivery volume dropping by 60% against the 5-day average, which could indicate a potential concern for future momentum.
In the broader market context, Checkpoint Trends' short-term performance has significantly outpaced the Sensex, which has only increased by 0.79% over the past week, while Checkpoint Trends rose by 10.24% in the same period. This stark contrast highlights the stock's strong relative strength. The overall liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. While there are no specific positive or negative factors provided, the stock's consistent upward trend and substantial returns suggest strong investor confidence, despite the recent drop in delivery volume.