Why is Denta Water falling/rising?

As of 01-Sep, Denta Water & Infra Solutions Ltd is experiencing a significant price increase, currently at Rs. 440.65, reflecting a rise of Rs. 41.15 or 10.3%. The stock has recently hit a new 52-week and all-time high of Rs. 456, showcasing a strong performance today with an intraday high increase of 14.14%. Additionally, the stock has outperformed its sector by 9.18%. Over the past week, it has gained 11.56%, and over the past month, it has risen by 41.44%, contrasting sharply with the Sensex, which has seen a decline of 1.56% and 0.29% over the same periods. However, there has been a notable decline in investor participation, with delivery volume dropping by 52.92% against the 5-day average, indicating a potential concern regarding sustained interest in the stock.
Broader Market Context: The broader market context shows that while Denta Water has been performing exceptionally well in the short term, the Sensex has been on a downward trend, which highlights the stock's relative strength. The stock's high volatility today, with an intraday volatility of 7.71%, indicates active trading, although the liquidity remains adequate for trading sizes of Rs. 0.97 crore. Despite the positive price movements, the falling investor participation could suggest caution among investors, which may impact future price stability. Overall, the stock's rise appears to be driven by strong performance metrics, but the declining delivery volume raises questions about the sustainability of this upward trend.