Why is Corporate Merch falling/rising?

As of 15-Oct, Corporate Merchant Bankers Ltd is experiencing a price increase, with its current price at Rs. 238.35, reflecting a rise of Rs. 4.65 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, resulting in a remarkable 51.14% return over the past month. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, there has been a decline in investor participation, with delivery volume dropping by 16.67% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.02% over the past week, Corporate Merchant Bankers Ltd has significantly outperformed with a 10.35% increase in the same period. The finance/NBFC sector has also seen a positive movement, gaining 2.16%, which may contribute to the favorable conditions for Corporate Merchant Bankers Ltd. Overall, the stock's strong performance relative to both its historical returns and the broader market context supports its rising price trend.