Why is Garnet Construct falling/rising?

As of 13-Oct, Garnet Construction Ltd is experiencing a significant rise in its stock price, currently at Rs. 55.99, reflecting an increase of Rs. 4.69 or 9.14%. The stock has recently hit a new 52-week high of Rs. 58 and has outperformed its sector by 9.34%. Over the past four days, it has gained 14.97%, and today it opened with a substantial gain of 13.06%. The stock is trading above its moving averages across various time frames, indicating strong momentum. However, there has been a decline in investor participation, with delivery volume falling by 18.14% compared to the five-day average, which may suggest some caution among investors despite the positive price movement. In the broader market context, Garnet Construction's performance over the past week shows a return of 13.66%, significantly outperforming the Sensex, which only increased by 0.66%. This trend continues over the past month and year, where Garnet has achieved returns of 18.87% and 24.45%, respectively, compared to the Sensex's much lower returns. The stock's strong performance relative to the benchmark indicates robust investor confidence and market interest, despite the noted volatility and reduced delivery volume.