Why is Dugar Housing falling/rising?

As of 24-Jun, Dugar Housing Developments Ltd is experiencing a price increase, with its current price at Rs. 56.04, reflecting a rise of Rs. 1.09 or 1.98%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, accumulating a remarkable 64.92% return during this period. Additionally, the stock has significantly outperformed the sector by 1.64%. In terms of returns, Dugar Housing has shown impressive performance over various periods, including a year-to-date increase of 295.20% and a one-year increase of 379.79%. However, there has been a noted decline in investor participation, with delivery volume falling by 33.33% against the five-day average, which could indicate a potential concern for future trading activity.
In the broader market context, Dugar Housing's short-term return of 10.34% over the past week significantly outpaces the Sensex, which only increased by 0.58% during the same period. This strong performance relative to the benchmark suggests that investor sentiment towards Dugar Housing remains positive despite the drop in delivery volume. The stock's ability to trade above all key moving averages further supports its upward momentum, indicating a strong bullish trend. Overall, while the decline in investor participation may raise some caution, the stock's robust performance and recent highs suggest a continued positive outlook in the market.