Why is Cian Healthcare falling/rising?

As of 23-Oct, Cian Healthcare Ltd's stock price is rising, currently at Rs. 6.33, reflecting an increase of 0.12 or 1.93%. The stock has recently hit a new 52-week high today and has been on a positive trajectory, gaining for the last 12 days with a total return of 25.6% during this period. Additionally, the stock has significantly outperformed its sector by 2.14%. Over the past week, Cian Healthcare has shown a remarkable return of 7.84%, and over the past month, it has surged by 40.67%, indicating strong momentum. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 66.1% against the 5-day average, which may raise concerns about the sustainability of this upward trend.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.30% over the past week and 2.99% over the past month, Cian Healthcare's performance is notably stronger, showcasing its ability to attract investor interest despite the broader market conditions. Year-to-date, Cian Healthcare has achieved a return of 63.57%, significantly outperforming the Sensex's 8.21% gain. This strong performance relative to the benchmark suggests that the stock is benefiting from specific positive factors that are driving investor confidence, even as overall market liquidity appears to be declining.