Why is Cupid falling/rising?

As of 06-Aug, Cupid Ltd's stock price is currently at Rs. 167.50, reflecting an increase of Rs. 5.5 or 3.4%. The stock has recently hit a new 52-week high of Rs. 169.5, demonstrating strong performance with an intraday high of 4.63%. Over the past week, Cupid has outperformed the sector by 3.5%, and its returns over various periods are impressive, with a year-to-date increase of 120.95% and a staggering 1400.56% over the past three years. However, there has been a decline in investor participation, as the delivery volume has decreased by 10.57% compared to the five-day average, which may indicate a potential concern for sustained momentum.
In the broader market context, Cupid's short-term performance stands in stark contrast to the Sensex, which has seen a decline of 1.15% over the past week. This significant outperformance highlights Cupid's strength relative to the market. While the stock remains liquid enough for trading, the falling delivery volume could suggest caution among investors. Overall, Cupid's recent price movement is driven by strong performance metrics and positive market sentiment, despite some signs of reduced investor participation.