Why is Classic Filament falling/rising?

As of 06-Nov, Classic Filaments Ltd's stock price is currently at Rs 37.74, reflecting an increase of Rs 1.75 or 4.86%. The stock has been on an upward trend, gaining for the last three days with a total return of 9.81% during this period. It opened with a significant gain of 4.97% today and reached an intraday high of Rs 37.78. Additionally, the stock has outperformed its sector by 6.11%. Over the past week, Classic Filaments has shown a remarkable return of 6.40%, while its performance over the last month stands at an impressive 46.85%. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 64.35% against the five-day average, which could indicate a potential concern for future momentum.
In the broader market context, Classic Filaments has significantly outperformed the Sensex, which has seen a decline of 1.30% over the past week. This stark contrast highlights the stock's strong performance relative to the market. Year-to-date, Classic Filaments has achieved a return of 26.01%, compared to the Sensex's 6.62%, further emphasizing its robust growth trajectory. The stock is trading above all key moving averages, indicating a strong bullish trend. Overall, while the stock is experiencing positive momentum, the decrease in delivery volume suggests that caution may be warranted moving forward.