Why is CLN Energy falling/rising?

As of 07-Jul, CLN Energy Ltd's stock price is rising, currently at 582.75, reflecting an increase of 25.75 or 4.62%. The stock has shown strong performance today, having opened with a gain of 3.23% and reaching an intraday high of Rs 582.75. It is also close to its 52-week high, just 0.39% away from Rs 585. Over the past week, the stock has outperformed the sector by 5.08% and has recorded a return of 10.12%, while the benchmark Sensex has seen a slight decline of 0.20%. However, there is a notable decrease in investor participation, with delivery volume dropping by 82.39% against the 5-day average, which may indicate a potential concern for sustained momentum.
Broader Market Context: In the context of the broader market, CLN Energy's recent performance stands out, particularly with its 1-week return of 10.12% compared to the Sensex's decline. This indicates that the stock is gaining traction despite a generally subdued market environment. The stock's ability to trade above all key moving averages suggests a strong bullish trend, which is further supported by its liquidity being adequate for trading. However, the significant drop in delivery volume could pose a risk to its upward trajectory if it continues, as it may reflect waning investor interest.