Why is Denta Water falling/rising?

As of 23-Sep, Denta Water & Infra Solutions Ltd is experiencing a price increase, currently at Rs. 462.85, which reflects a rise of 8.05 or 1.77%. The stock reached a new 52-week and all-time high of Rs. 477.8 today, indicating strong upward momentum. It outperformed its sector by 1.31% and touched an intraday high of Rs. 477.8, although it also saw a low of Rs. 444.85 during the day. The stock has shown positive returns over the past week and month, with increases of 11.92% and 9.21%, respectively. However, there has been a notable decline in investor participation, with delivery volume dropping by 58.33% against the 5-day average, which could indicate a potential concern for sustained momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.34% over the past week and an increase of only 0.98% over the past month, Denta Water's performance stands out positively. The stock's ability to trade above its moving averages suggests a strong bullish trend, despite the recent drop in trading volume. The liquidity of the stock remains adequate for trading, which may support its price stability in the near term. Overall, while the stock is currently rising, the decrease in investor participation could pose risks to its continued upward trajectory.