Why is Hybrid Financial falling/rising?

As of 17-Oct, Hybrid Financial Services Ltd is experiencing a significant rise in its stock price, currently at Rs. 24.55, reflecting an increase of 3.79 or 18.26%. The stock has recently hit a new 52-week high of Rs. 24.91 and has outperformed its sector by 18.3%. Over the last two days, it has gained 41.91%, and it opened today with a substantial gain of 15.66%. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 33.68% compared to the 5-day average, which may suggest some caution among investors.
In the broader market context, Hybrid Financial's performance has been impressive, with a 1-week return of 25.00% compared to the Sensex's 1.76% and a 1-month return of 67.35% against the Sensex's 1.52%. Year-to-date, the stock has increased by 52.48%, while the Sensex has only risen by 7.44%. This strong performance relative to the benchmark indicates that investor sentiment towards Hybrid Financial is positive, contributing to the stock's rising price. Overall, the combination of strong recent gains, a new high, and significant outperformance against the benchmark suggests a robust demand for the stock, despite the decline in delivery volume.