Why is CLN Energy falling/rising?

As of 30-Jun, CLN Energy Ltd's stock price is rising, currently at Rs. 529.20, reflecting an increase of Rs. 25.2 or 5.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 3.79%. It opened with a gain of 2.98% and touched an intraday high of Rs. 529.2. Additionally, the stock has shown strong performance over the past week and month, with returns of +8.00% and +16.05%, respectively. However, there has been a notable decline in investor participation, with delivery volume falling by 43.55% against the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, CLN Energy's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 2.09% over the past week and 2.65% over the past month. This strong relative performance suggests that investor sentiment towards CLN Energy is positive, despite the drop in delivery volume. The stock's ability to trade above all major moving averages indicates a bullish trend, further supporting its upward price movement. Overall, while the stock is experiencing a rise, the decrease in investor participation may warrant attention moving forward.