Why is Corporate Merch falling/rising?

As of 26-Jun, Corporate Merchant Bankers Ltd is experiencing a price increase, currently at Rs. 61.24, which reflects a rise of 1.2 or 2.0%. The stock has reached a new 52-week and all-time high today, and it has outperformed its sector by 0.67%. Over the past week, the stock has gained 4.03%, and its performance over the last month shows a significant increase of 17.07%. Additionally, the stock is trading above all its moving averages, indicating a strong upward trend. However, there has been a noted decline in investor participation, with delivery volume falling by 16.67% against the 5-day average, which may suggest some caution among investors.
Broader Market Context: In comparison to the benchmark Sensex, Corporate Merchant Bankers Ltd has significantly outperformed, with a year-to-date return of 268.25% compared to the Sensex's 7.19%. This substantial outperformance highlights the stock's strong momentum in the market. The stock's recent gains, coupled with its ability to maintain a high trading price despite erratic trading patterns, suggest a robust investor interest, although the decline in delivery volume could indicate potential volatility ahead. Overall, the stock's performance remains strong relative to the broader market, contributing to its rising price.