Why is Denta Water falling/rising?

As of 17-Sep, Denta Water & Infra Solutions Ltd is experiencing a slight increase in its stock price, currently at Rs 414.55, reflecting a change of 1.0 or 0.24% upward. The stock has shown strong performance over the past week with a return of +3.15% and +22.41% over the past month, significantly outperforming the Sensex, which has returned +1.56% and +2.60% respectively in the same periods. However, today's performance indicates a slight underperformance against its sector by -0.26%. The stock reached an intraday high of Rs 429.3, marking a 3.81% increase, while it is trading above all key moving averages, suggesting a positive trend. Despite this, there is a notable decline in investor participation, with delivery volume falling by -45.37% compared to the 5-day average, which may indicate a lack of sustained buying interest.
In the broader market context, Denta Water's recent short-term returns have outperformed the Sensex, indicating a favorable sentiment towards the stock relative to the overall market. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value. However, the significant drop in delivery volume could be a concern for future price stability, as it suggests that fewer investors are willing to hold the stock long-term. Overall, while the stock is currently rising, the decrease in investor participation may pose challenges to maintaining this upward momentum.