Why is Easun Capital Ma falling/rising?

As of 10-Oct, Easun Capital Markets Ltd is experiencing a price increase, currently at Rs 49.96, reflecting a rise of 2.37 or 4.98%. The stock has shown strong performance recently, gaining 47.55% over the last eight days and outperforming its sector by 5.02% today. It opened with a gain of 4.98% and has consistently traded at this price level. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there has been a significant decline in investor participation, with delivery volume falling by 98.38% against the 5-day average, which may raise concerns about the sustainability of this upward movement.
In the broader market context, Easun Capital Markets Ltd has outperformed the Sensex in the short term, with a 1-week return of 27.51% compared to the Sensex's 1.59%. Over the past month, the stock has also shown a strong return of 15.51% against the benchmark's 1.32%. Despite a year-to-date decline of 3.92% compared to the Sensex's gain of 5.58%, the stock's recent performance suggests a recovery phase. The significant gains over the past few weeks indicate positive momentum, although the drop in delivery volume may suggest caution among investors regarding future price movements.