Why is Goenka Diamond falling/rising?

As of 20-Oct, Goenka Diamond & Jewels Ltd is experiencing a price increase, currently priced at 1.30, reflecting a rise of 0.06 or 4.84%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 19.27% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock is close to its 52-week high, just 1.54% away from Rs 1.32. However, there has been a decline in investor participation, with delivery volume falling by 21.17% against the 5-day average, which may suggest a potential concern regarding sustained interest in the stock.
In the broader market context, Goenka Diamond has significantly outperformed the Sensex, with a 1-week return of 17.12% compared to the benchmark's 2.47%, and a 1-month return of 21.50% against 2.10%. This strong performance indicates that the stock is gaining traction relative to the overall market. Despite the recent positive price movements, the decline in delivery volume could indicate that the rally may not be fully supported by robust investor interest, which is an important factor to monitor moving forward.