Why is Equilateral Ent. falling/rising?

As of 04-Sep, Equilateral Enterprises Ltd is experiencing a price increase, currently at Rs 24.12, reflecting a rise of 1.13 or 4.92%. The stock has shown strong performance recently, gaining 14.86% over the last three days and outperforming its sector by 5.43% today. It opened with a significant gain of 4.35% and reached an intraday high of Rs 24.12. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 39.32% compared to the five-day average, indicating a potential decline in interest. Additionally, while the stock is trading above its 5-day, 20-day, and 200-day moving averages, it remains below the 50-day and 100-day moving averages, suggesting mixed momentum.
Broader Market Context: In the short term, Equilateral Enterprises Ltd has outperformed the benchmark Sensex, which has only increased by 0.80% over the past week, while the stock itself has risen by 9.64%. This indicates that the stock is gaining traction relative to the broader market. Despite the positive short-term performance, the overall market sentiment may be influenced by the stock's erratic trading patterns and declining delivery volumes, which could affect future price movements.