Why is Colab Platforms falling/rising?

As of 24-Oct, Colab Platforms Ltd is experiencing a price increase, currently at Rs. 171.40, which reflects a rise of Rs. 3.35 or 1.99%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 21 consecutive days with a total increase of 51.19% during this period. Additionally, the stock has significantly outperformed the sector by 2.27%. Over various time frames, Colab Platforms has shown remarkable returns, including a year-to-date increase of 987.56% and a staggering 2680.21% over the past year. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 6.52% compared to the 5-day average.
In the broader market context, Colab Platforms has outperformed the Sensex, which has only increased by 0.31% over the past week, while Colab's stock has surged by 8.17% in the same timeframe. This trend of strong performance is consistent across longer periods, with the stock showing a 48.23% increase over the past month compared to the Sensex's 3.05%. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs. 0.5 crore. Overall, the combination of strong price performance, significant returns compared to the benchmark, and the recent high in stock price contributes to the positive momentum observed in Colab Platforms Ltd.