Why is Colab Platforms falling/rising?

As of 06-Oct, Colab Platforms Ltd is experiencing a price increase, currently at Rs. 132.75, which reflects a rise of Rs. 2.6 or 2.0%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining 51.37% over the last 21 days. It opened with a 2% gain and has consistently traded at this price level. Additionally, the stock has shown impressive returns over various periods, including a staggering 742.32% year-to-date and 2228.95% over the past year, significantly outperforming the Sensex, which has only increased by 4.67% year-to-date.
In the broader market context, Colab Platforms has outperformed the Sensex in the short term, with a 1-week return of 8.20% compared to the benchmark's 1.77%. Despite the strong price movement, there has been a noted decline in investor participation, with delivery volume falling by 16.94% against the 5-day average, which could indicate a potential concern for future liquidity. However, the stock remains liquid enough for trading, suggesting that while there may be some caution among investors, the overall momentum and performance remain robust.