Why is Conart Engineers falling/rising?

As of 27-Jun, Conart Engineers Ltd is experiencing a price increase, currently at Rs 116.00, which reflects a rise of Rs 8.3 or 7.71%. The stock has shown strong performance today, outperforming its sector by 7.48% and achieving a consecutive gain over the last two days with a total return of 9.43%. It opened with a gain of 2% and reached an intraday high of Rs 119, indicating positive momentum. Additionally, the stock has performed well over the past week and month, with returns of +4.55% and +36.81%, respectively, although it has a year-to-date decline of -23.41%. The stock is currently trading above its moving averages, which suggests a bullish trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 62.36% compared to the 5-day average, which could indicate a potential concern for sustainability in the price rise.
In the broader market context, Conart Engineers has outperformed the Sensex in the short term, with a 1-week return of +4.55% compared to the benchmark's +2.00%. This indicates that the stock is gaining traction relative to the overall market. Over the past month, the stock's impressive return of +36.81% significantly exceeds the Sensex's +3.07%, further highlighting its strong performance. Despite the positive short-term trends, the year-to-date performance shows a decline, which may reflect broader market conditions or sector-specific challenges that could impact future performance. Overall, while the stock is currently rising, the decrease in investor participation and the year-to-date decline suggest caution moving forward.