Why is Equilateral Ent. falling/rising?

As of 03-Sep, Equilateral Enterprises Ltd is experiencing a price increase, currently at 22.99, which reflects a rise of 0.94 or 4.26%. The stock has shown strong performance recently, outperforming its sector by 5.36% today and achieving a consecutive gain over the last two days with a total return of 9.48% in that period. However, there has been a notable decline in investor participation, with delivery volume dropping by 99.55% against the 5-day average, indicating potential concerns about liquidity despite the stock being liquid enough for trade size. The stock's moving averages indicate it is higher than the 5-day and 200-day averages but lower than the 20-day, 50-day, and 100-day averages, suggesting mixed signals in terms of momentum.
In the broader market context, Equilateral Enterprises Ltd has outperformed the Sensex over the past week, with a return of +4.50% compared to the benchmark's -0.27%. This short-term outperformance highlights the stock's relative strength in a declining market environment. Over the past month, the stock has also shown a slight gain of +0.57%, while the Sensex has remained nearly flat at -0.04%. Overall, the positive short-term performance of Equilateral Enterprises Ltd, coupled with its recent gains, contrasts with the broader market's struggles, contributing to the stock's rising price.