Why is Evoq Remedies falling/rising?

As of 25-Jun, Evoq Remedies Ltd is experiencing a price increase, currently at 5.45, with a change of 0.1, representing a rise of 1.87%. The stock has shown strong performance recently, gaining 27.63% over the last 13 consecutive days. Additionally, it has outperformed its sector by 0.82% today. In terms of returns, the stock has increased by 9.88% over the past week and 42.30% over the past month, although it remains down 30.13% year-to-date and 49.21% over the past year. The stock's moving averages indicate it is performing better than the 5-day, 20-day, 50-day, and 100-day averages, although it is still below the 200-day average. There is a noted decline in investor participation, with delivery volume falling by 61.54% against the 5-day average, which may indicate a potential concern for future trading activity.
Broader Market Context: The stock's recent short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 1.61% over the past week and 1.27% over the past month. This stark contrast highlights the stock's strong recovery in the short term despite its long-term struggles, as evidenced by its year-to-date and one-year returns compared to the benchmark's positive performance. Overall, while Evoq Remedies Ltd is currently on an upward trajectory, the declining investor participation and its historical performance suggest that caution may be warranted moving forward.