Why is CLN Energy falling/rising?

As of 02-Jul, CLN Energy Ltd's stock price is rising, currently at Rs. 570.15, reflecting an increase of Rs. 27.15, or 5.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 4.23%. It has been on a consecutive gain streak for the last three days, accumulating a total return of 13.13% during this period. Additionally, the stock opened with a gain of 3.13% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 35.06% against the 5-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, CLN Energy's performance over the past week shows a significant return of 10.82%, compared to the Sensex's modest increase of 0.79%. Over the past month, the stock has risen by 23.14%, again outperforming the Sensex, which has only gained 2.50%. This strong performance relative to the benchmark suggests that investor sentiment towards CLN Energy remains positive, despite the recent drop in delivery volume. Overall, the stock's upward trajectory is supported by its strong short-term returns and positive price movements, even as liquidity concerns arise from decreased trading activity.