Why is Checkpoint Trend falling/rising?

As of 17-Jul, Checkpoint Trends Ltd is experiencing a price increase, with its current price at Rs. 34.53, reflecting a change of 0.67 or 1.98% upward. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 21 days, yielding a remarkable 50% return during this period. Additionally, Checkpoint Trends has significantly outperformed the sector by 1.56%. Over various time frames, the stock has shown impressive returns, including a year-to-date increase of 164.60% and a staggering 304.33% rise over the past year. However, there is a noted decline in investor participation, with delivery volume dropping by 81.35% against the 5-day average, which may indicate a potential concern for future momentum.
In the broader market context, Checkpoint Trends has outperformed the Sensex, which has seen a decline of 1.12% over the past week, while Checkpoint Trends has surged by 10.32%. 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, while the stock is currently rising, the significant drop in delivery volume could suggest caution among investors regarding sustainability of this upward trend.