Why is IEC Education falling/rising?

As of 17-Jul, IEC Education Ltd's stock price is currently at 20.61, reflecting an increase of 0.98 or 4.99%. The stock has been on a positive trajectory, gaining for the last eight consecutive days and achieving a total return of 31.36% during this period. It has also outperformed its sector by 5.02%. In terms of returns, the stock has shown a remarkable increase of 867.61% over the past year, although it has experienced a year-to-date decline of 37.66%. Despite the positive price movement, there has been a notable decrease in investor participation, with delivery volume falling by 17.98% compared to the five-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, IEC Education's short-term performance has significantly outpaced the benchmark, with a one-week return of 23.86% compared to the Sensex's decline of 1.12%. This stark contrast highlights the stock's strong momentum relative to the market. While the stock's liquidity appears sufficient for trading, the declining delivery volume may suggest caution among investors. Overall, the combination of strong recent performance and positive short-term trends contributes to the stock's rising price, despite the challenges indicated by falling investor participation.