Why is Concord Control falling/rising?

As of 22-Sep, Concord Control Systems Ltd is experiencing a price increase, currently at Rs. 2,829.90, reflecting a rise of 149.5 points or 5.58%. The stock has recently hit a new 52-week and all-time high of Rs. 2,850, demonstrating strong performance today with a 6.33% intraday high. Over the past three days, the stock has gained 6.87%, outperforming its sector by 6.2%. Additionally, the stock has shown impressive returns over various periods, including a 33.84% increase over the past month and a 70.48% rise year-to-date, while it has consistently traded above its moving averages for 5, 20, 50, 100, and 200 days. However, there has been a decline in investor participation, with delivery volume falling by 4.56% against the 5-day average, indicating a potential concern for future momentum.
In the broader market context, Concord Control's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.46% over the past week. The stock's 1-week return of 8.01% further highlights its strength relative to the market. While the overall market has shown modest gains, Concord Control's substantial growth in comparison suggests strong investor interest and confidence in the company, despite the noted decrease in delivery volume. This combination of factors contributes to the stock's rising price, reflecting both company-specific strengths and favorable market conditions.