Why is Denta Water falling/rising?

As of 05-Sep, Denta Water & Infra Solutions Ltd is experiencing a price increase, currently at Rs 416.35, reflecting a change of 1.9 (0.46%) upward. The stock has shown a positive trend, gaining 4.22% over the past week and an impressive 33.34% over the last month, significantly outperforming the Sensex, which has remained flat over the same period. Today's performance indicates a trend reversal, as the stock has gained after three consecutive days of decline. However, there has been a notable decrease in investor participation, with delivery volume dropping by 54.98% compared to the five-day average, which may suggest caution among investors despite the recent price increase.
In the broader market context, Denta Water's recent performance stands out against the Sensex, which has only increased by 1.13% over the past week. The stock's ability to outperform the sector by 0.52% today further emphasizes its relative strength. While the stock is trading above its longer-term moving averages, it remains below the five-day moving average, indicating some volatility. The liquidity of the stock is adequate for trades around Rs 1.2 crore, suggesting that while there is some interest, the falling delivery volume could be a concern for sustained upward momentum.