Why is Ganon Products falling/rising?

As of 05-Jun, Ganon Products Ltd is experiencing a price increase, currently at 10.70, reflecting a rise of 0.16 or 1.52%. The stock has been on an upward trend, gaining for the last six consecutive days and achieving a remarkable return of 61.39% during this period. It has outperformed its sector by 1.15% today and is trading above all key moving averages, indicating strong technical momentum. However, despite this positive performance, the company faces challenges such as operating losses and a weak long-term fundamental strength, with net sales declining by 44.16% over the past nine months. Additionally, while the stock has generated a substantial return of 96.69% over the last year, its profits have decreased by 10%, suggesting that the high valuation may not be sustainable.
In the broader market context, Ganon Products has significantly outperformed the benchmark, with a one-week return of 36.13% compared to the Sensex's slight decline of 0.23%. Over the past month, the stock's return of 57.58% also stands in stark contrast to the Sensex's modest gain of 0.80%. This strong performance highlights the stock's ability to attract investor interest despite the underlying fundamental weaknesses. However, the falling investor participation, as indicated by a 10.06% drop in delivery volume, may raise concerns about the sustainability of this upward trend in the face of potential liquidity issues.