Why is Gautam Exim falling/rising?

As of 12-Aug, Gautam Exim Ltd's stock price is currently at Rs. 260.00, reflecting an increase of Rs. 10.6, or 4.25%. The stock has recently hit a new 52-week and all-time high today, and it has outperformed its sector by 5.17%. Over the last two days, the stock has gained 7.39%, although it opened with a loss of 4.73% today. Despite this initial dip, Gautam Exim is trading above its moving averages across multiple time frames, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 52.38% against the five-day average, which could be a concern for future price stability.
In the broader market context, Gautam Exim's short-term performance has significantly outpaced the benchmark Sensex, which has declined by 0.59% over the past week while Gautam Exim has risen by 3.13%. This stark contrast highlights the stock's strength relative to the market. Additionally, over the past month, Gautam Exim has shown an impressive return of 18.72%, while the Sensex has fallen by 2.75%. This strong performance, coupled with the stock's historical returns of 278.18% over the past year and 919.61% over the past three years, suggests that investor confidence remains high despite the recent drop in trading volume.