Why is City Pulse Multi falling/rising?

As of 08-Aug, City Pulse Multiventures Ltd is experiencing a price increase, currently at 2,496.60, reflecting a rise of 141.6 or 6.01%. The stock has shown strong performance, gaining 8.21% over the last two days and is currently only 1.34% away from its 52-week high of Rs 2530. Additionally, the stock has outperformed its sector by 7.21% today. Over various periods, the stock has demonstrated impressive returns, including a year-to-date increase of 157.65% and a staggering 366.65% over the past year. However, there has been a notable decline in investor participation, with delivery volume dropping by 72.97% against the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, City Pulse Multiventures Ltd's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 0.92% over the past week and 4.60% over the past month. This divergence highlights the stock's strength relative to the overall market, as it has managed to achieve a weekly return of 7.94% while the benchmark falters. The stock's consistent trading above its moving averages further supports its upward momentum, although the erratic trading pattern, with no trades on two days out of the last twenty, may raise questions about its liquidity and stability moving forward.