Why is Checkpoint Trend falling/rising?

As of 15-Oct, Checkpoint Trends Ltd is experiencing a price increase, with its current price at Rs. 59.48, reflecting a rise of 1.16 or 1.99%. The stock has reached a new 52-week high today and has been on an upward trend for the last 16 days, accumulating a remarkable 36.99% return during this period. Additionally, the stock has significantly outperformed the sector by 1.91%. Over various time frames, Checkpoint Trends has shown impressive returns, including a year-to-date increase of 355.79% and a three-year return of 1529.59%. However, there is a noted decline in investor participation, with delivery volume dropping by 60.85% compared to the five-day average, which may indicate a potential concern for future momentum.
In the broader market context, Checkpoint Trends' short-term performance is notably strong compared to the Sensex, which has only increased by 1.02% over the past week, while Checkpoint Trends has surged by 10.35%. This stark contrast highlights the stock's robust performance relative to the benchmark. Despite the falling investor participation, the liquidity remains sufficient for trading, suggesting that the stock's upward trajectory is supported by strong fundamentals and investor sentiment, even as some caution may arise from the declining volume.