Why is Choksi Asia falling/rising?

As of 06-Nov, Choksi Asia Ltd's stock price is currently at Rs 108.85, reflecting an increase of Rs 2.4, or 2.25%. The stock has been on an upward trend, gaining for the last three days with a total return of 5.68% during this period. It has outperformed its sector by 3.53% today and reached an intraday high of Rs 111.65. Additionally, the stock has shown impressive returns over various periods, including a 34.28% increase over the last month and a remarkable 658.01% rise over the past five years. However, there has been a decline in investor participation, with delivery volume dropping by 23.48% compared to the five-day average, which may indicate some caution among investors.
Broader market context shows that while Choksi Asia Ltd has performed well, the benchmark Sensex has experienced a decline of 1.30% over the past week. This stark contrast highlights the stock's strong performance relative to the broader market, as it has significantly outpaced the benchmark with a 5.40% increase in the same timeframe. The stock's ability to maintain higher trading levels than its moving averages further supports its upward momentum, despite the noted decrease in liquidity and delivery volume. Overall, the combination of strong returns and relative outperformance against the benchmark suggests a positive sentiment surrounding Choksi Asia Ltd, even as some caution is reflected in the falling investor participation.