Why is Cupid falling/rising?

As of 07-Aug, Cupid Ltd's stock price is currently at Rs 169.00, reflecting an increase of Rs 1.5, or 0.9%. The stock has been performing well recently, having gained 4.32% over the last two days and is close to its 52-week high, just 0.3% away from Rs 169.5. Additionally, Cupid has significantly outperformed the sector by 2.01% today. Over the past week, the stock has risen by 12.29%, and it has shown remarkable growth of 122.93% year-to-date. However, there has been a decline in investor participation, with delivery volume falling by 13.67% against the 5-day average, which could indicate a potential concern for future price stability.
In the broader market context, Cupid's strong short-term performance stands in stark contrast to the Sensex, which has declined by 0.69% over the past week. This significant outperformance highlights investor confidence in Cupid amidst a generally weaker market. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 3.55 crore. Overall, while Cupid Ltd is experiencing a positive price movement, the decrease in delivery volume may warrant attention as it could affect future trading dynamics.