Why is Colab Platforms falling/rising?

As of 29-Sep, Colab Platforms Ltd is experiencing a price increase, currently at Rs. 122.69, reflecting a rise of 2.4 (2.0%). The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 21 days, resulting in a remarkable 51.39% return over this period. It opened with a gain of 2% today and has consistently traded at this price level. Additionally, the stock is performing well above its moving averages across various time frames, indicating strong upward momentum. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the positive price movement.
In the broader market context, Colab Platforms has significantly outperformed the Sensex, which has declined by 2.18% over the past week while the stock has surged by 10.38%. This trend of outperformance is consistent over longer periods as well, with the stock showing a year-to-date increase of 678.49% compared to the Sensex's modest rise of 2.85%. The liquidity of the stock is also favorable, allowing for substantial trading activity, which contributes to its upward trajectory. Overall, the combination of strong stock-specific performance and favorable comparisons to the benchmark indicates a robust bullish sentiment surrounding Colab Platforms Ltd.