Why is Ecoboard Inds. falling/rising?

As of 10-Nov, Ecoboard Industries Ltd is experiencing a price increase, currently at Rs 37.09, which reflects a rise of 1.76 or 4.98%. The stock has shown strong performance recently, outperforming its sector by 4.79% today and achieving consecutive gains over the last two days with a total return of 8.45% during this period. Additionally, Ecoboard Industries has demonstrated positive returns over various time frames, including a 14.05% increase year-to-date and a remarkable 944.79% rise over the past five years. However, there is a noted decline in investor participation, with delivery volume falling by 10.59% compared to the five-day average, which may indicate some caution among investors.
Broader market context shows that while Ecoboard Industries has been performing well, the benchmark Sensex has not kept pace, declining by 0.53% over the past week and gaining only 1.25% over the past month. This contrast highlights the stock's relative strength in a challenging market environment. Despite the recent gains, the stock's liquidity appears sufficient for trading, as it remains liquid enough for trade sizes, although the falling delivery volume could be a concern for future performance. Overall, the stock's upward movement is supported by its strong historical performance and recent gains, despite some signs of reduced investor engagement.