Why is Citizen Infoline falling/rising?

As of 08-Aug, Citizen Infoline Ltd's stock price is currently at Rs. 118.50, reflecting an increase of Rs. 1.75, or 1.5%. The stock has recently hit a new 52-week and all-time high of Rs. 119.05 today and has been on a positive trajectory, gaining for the last 21 days with a total return of 50.53% during this period. Over the past week, the stock has outperformed the sector by 2.3%. Additionally, the stock has shown impressive long-term performance, with a year-to-date return of 418.37% and a three-year return of 737.46%. However, there has been a notable decline in investor participation, with delivery volume dropping by 58.9% compared to the five-day average, indicating a potential concern for future momentum.
In the broader market context, while Citizen Infoline has demonstrated strong short-term performance, with a weekly return of 9.77%, the benchmark Sensex has declined by 0.92% during the same period. This stark contrast highlights the stock's resilience and attractiveness to investors despite a generally unfavorable market environment. The stock's ability to maintain trading above its moving averages further supports its upward trend, although the falling delivery volume may suggest caution among investors regarding sustainability. Overall, the combination of strong recent gains and a significant outperformance against the benchmark contributes to the stock's rising price.