Why is GP Eco Solutions falling/rising?

As of 04-Jul, GP Eco Solutions India Ltd is experiencing a price increase, with its current price at Rs. 484.70, reflecting a rise of Rs. 31.6 or 6.97%. The stock has recently hit a new 52-week and all-time high of Rs. 495, indicating strong upward momentum. It has outperformed its sector by 6.55% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 59.33% against the 5-day average, which could suggest a potential concern for future trading activity. The stock has shown impressive returns over various periods, including a 45.42% increase over the past month and an 81.03% increase year-to-date, significantly outperforming the Sensex, which has only risen by 3.42% and 7.68% in the same periods.
In the broader market context, GP Eco Solutions has demonstrated strong short-term performance, with a 19.40% increase over the past week, contrasting sharply with the Sensex's decline of 0.69%. This significant outperformance highlights the stock's strength relative to the overall market. The positive returns over the past month and year further emphasize the stock's robust performance, especially when compared to the benchmark index. Despite the drop in delivery volume, the liquidity remains adequate for trading, which may support continued interest in the stock. Overall, the combination of strong price movement, positive returns, and relative outperformance against the benchmark suggests a favorable outlook for GP Eco Solutions, despite the recent decline in investor participation.