Why is Haria Apparels falling/rising?

As of 23-Oct, Haria Apparels Ltd is experiencing a price increase, with its current price at Rs. 6.90, reflecting a rise of 0.89 or 14.81%. The stock has reached a new 52-week high today and is outperforming its sector by 15.21%. Additionally, Haria Apparels has shown strong performance over various periods, with a 1-week return of 18.97% and a year-to-date return of 28.73%. The stock is trading above all key moving averages, indicating a bullish trend. However, there has been a significant decline in investor participation, with delivery volume falling by 79.8% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, Haria Apparels' short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.30% over the past week. This stark contrast highlights the stock's strong momentum relative to the overall market. While the stock has shown impressive returns over the past year and beyond, the drop in delivery volume may raise questions about the sustainability of this upward trend. Overall, the combination of strong price movement and outperformance against the benchmark suggests a positive sentiment around Haria Apparels, despite the noted decline in investor participation.