Why is CLIO Infotech falling/rising?

As of 06-Aug, CLIO Infotech Ltd's stock price is currently at 6.99, reflecting an increase of 0.33 or 4.95%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 13.11% during this period. Additionally, it has outperformed its sector by 5.21%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 58.66% compared to the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, CLIO Infotech's short-term performance over the past week shows a return of 7.54%, significantly outperforming the Sensex, which has declined by 1.15% during the same period. This positive divergence indicates that the stock is gaining traction despite a generally unfavorable market environment. While the stock has shown strong performance in the short term, its year-to-date return remains negative at -2.51%, contrasting with the Sensex's positive return of 3.08%. This suggests that while recent movements are favorable, the stock's longer-term performance may still be a point of concern for investors.