Why is Checkpoint Trend falling/rising?

As of 04-Jul, Checkpoint Trends Ltd is experiencing a price increase, with its current price at Rs. 29.10, reflecting a rise of Rs. 0.57 or 2.0%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 19 consecutive days, resulting in a remarkable 59.45% return over this period. Additionally, the stock has shown impressive performance over various time frames, with a year-to-date increase of 122.99% and a one-year return of 225.14%. However, there has been a notable decline in investor participation, with delivery volume dropping by 52.63% compared to the five-day average, which may indicate a potential concern regarding sustained interest in the stock.
In the broader market context, Checkpoint Trends Ltd has significantly outperformed the Sensex, which has seen a decline of 0.74% over the past week while the stock itself has surged by 10.27%. This stark contrast highlights the stock's strong momentum relative to the benchmark. Furthermore, the stock's performance today outpaced its sector by 1.49%, reinforcing its positive market sentiment. Despite the falling delivery volume, the stock's liquidity remains adequate for trading, suggesting that while investor participation may be waning, the overall demand for the stock continues to drive its price upward.