Why is Eleganz Interior falling/rising?

As of 18-Sep, Eleganz Interiors Ltd is experiencing a price increase, with its current price at Rs 158.10, reflecting a rise of Rs 13.1 or 9.03%. The stock has shown strong performance recently, with a 1-week return of +14.48% and a 1-month return of +21.66%, significantly outperforming the Sensex, which has only increased by 1.67% and 2.20% in the same periods, respectively. Additionally, the stock is trading above all its moving averages, indicating a bullish trend. However, there is a notable decline in investor participation, as the delivery volume has dropped by 72.22% compared to the 5-day average, which may raise concerns about the sustainability of this price increase.
Broader Market Context: The broader market context shows that while Eleganz Interiors has outperformed the benchmark significantly in the short term, the overall market has been relatively stable with modest gains. The Sensex has increased by 7.52% year-to-date, which is lower than the stock's recent performance. Despite the positive price movement and strong returns, the falling investor participation could suggest a potential risk for future price stability, as lower trading volumes may lead to increased volatility.