Why is IEC Education falling/rising?

As of 06-October, IEC Education Ltd's stock price is rising, currently at Rs. 42.26, reflecting an increase of 2.01 or 4.99%. The stock has recently hit a new 52-week high and has been on a positive trajectory, gaining 27.52% over the last five days. It opened with a gain of 4.99% today and has consistently traded at this price. Additionally, the stock has shown impressive returns over various periods, including a 296.81% increase over the past year, significantly outperforming the Sensex, which only rose by 0.12% in the same timeframe. However, there has been a notable decline in investor participation, with delivery volume dropping by 72.67% compared to the five-day average, which could indicate a potential concern for future trading activity.
In the broader market context, IEC Education's short-term performance has significantly outpaced the benchmark, with a 21.47% increase over the past week compared to the Sensex's 1.77% rise. This stark contrast highlights the stock's strong momentum relative to the overall market. Despite the IT - Education sector experiencing a decline of 2.13%, IEC Education has managed to outperform its sector by 7.04%. The stock's ability to maintain trading above its moving averages further supports its upward trend, suggesting robust investor confidence despite the recent drop in delivery volume.