Why is Grill Splendour falling/rising?

As of 14-Jul, Grill Splendour Services Ltd is experiencing a slight increase in its stock price, currently at Rs. 134.25, reflecting a change of 0.25 or 0.19% upward. The stock has recently hit a new 52-week and all-time high of Rs. 135, indicating strong performance. Over the past week, the stock has outperformed the sector by 0.84% and has shown impressive returns, with a 1-month increase of 25.88% and a year-to-date rise of 61.55%. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 90% against the 5-day average, which could be a concern for future liquidity.
In the broader market context, Grill Splendour's recent performance contrasts sharply with the benchmark Sensex, which has declined by 1.49% over the past week. This strong outperformance suggests that the stock is gaining traction among investors despite the overall market downturn. The stock is also trading above all key moving averages, indicating a bullish trend. However, the falling investor participation may pose risks to sustaining this upward momentum, as liquidity could be affected if the trend continues.