Why is Classic Filament falling/rising?

As of 11-Nov, Classic Filaments Ltd is experiencing a price increase, currently at Rs 40.17, which reflects a rise of 1.91 or 4.99%. The stock has shown strong performance recently, gaining 16.88% over the last six days and outperforming its sector by 4.17% today. It is also close to its 52-week high, just 2.64% away from Rs 41.23. The stock has consistently traded above its moving averages across various time frames, indicating a bullish trend. However, there has been a decline in investor participation, with delivery volume falling by 14.92% compared to the five-day average, which may suggest some caution among investors.
In the broader market context, Classic Filaments has significantly outperformed the Sensex, with a one-week return of 11.61% compared to the benchmark's 0.49%. Over the past month, the stock has risen by 29.37%, while the Sensex has only increased by 1.66%. This substantial outperformance highlights strong investor interest in Classic Filaments, despite the recent drop in delivery volume. Overall, the stock's upward movement can be attributed to its strong recent performance and positive technical indicators, even as some caution is reflected in the declining investor participation.