Why is Checkpoint Trend falling/rising?

As of 15-Jul, Checkpoint Trends Ltd is experiencing a price increase, currently at Rs. 33.20, reflecting a rise of 0.65 or 2.0%. The stock has hit a new 52-week high today and has been on a consecutive gain streak for the last 21 days, accumulating a remarkable 50.02% return during this period. Additionally, the stock has significantly outperformed the sector by 0.75%. Over various time frames, Checkpoint Trends has shown impressive returns, including a 154.41% increase year-to-date and a staggering 288.76% rise over the past year. However, there has been a notable decline in investor participation, with delivery volume dropping by 66.69% compared to the 5-day average, which may indicate some caution among investors despite the positive price movement.
In the broader market context, Checkpoint Trends has outperformed the Sensex, which has seen a decline of 1.36% over the past week while the stock itself has surged by 10.34%. This stark contrast highlights the stock's strong performance relative to the benchmark. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, the combination of strong price momentum, significant returns over various periods, and the stock's ability to maintain trading above key moving averages suggests a robust performance, even as investor participation shows signs of decline.