Why is Corporate Merch falling/rising?

As of 02-Jul, Corporate Merchant Bankers Ltd is experiencing a price increase, with the current price at Rs. 66.26, reflecting a change of 1.29 (1.99%) upwards. The stock has recently hit a new 52-week and all-time high of Rs. 66.26 today. It has outperformed its sector by 3.22% and has shown a strong performance over the past week, gaining 10.36%. Additionally, the stock has impressive year-to-date returns of 298.44%, significantly surpassing the Sensex's 6.75% increase. However, there has been a notable decline in investor participation, with delivery volume falling by 44.44% against the 5-day average, which may indicate some caution among investors despite the positive price movement.
In the broader market context, Corporate Merchant Bankers Ltd's short-term performance has significantly outpaced the Sensex, which only increased by 0.79% over the past week. This stark contrast highlights the stock's strong momentum relative to the benchmark. The stock's consistent gains over the last five days and its trading above all key moving averages further support its upward trajectory. However, the erratic trading pattern, with the stock not trading on one day out of the last twenty, and the liquidity being based on only 2% of the 5-day average traded value, suggest that while the stock is currently rising, there may be underlying volatility and reduced trading activity that could impact future performance.