Why is IND Renewable falling/rising?

As of 30-Jun, IND Renewable Energy Ltd's stock price is currently at 13.78, reflecting an increase of 0.19 or 1.4%. The stock has shown strong performance recently, with a 1-week return of +8.85% and a 1-month return of +16.29%, both significantly outperforming the Sensex, which returned +2.09% and +2.65% respectively. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 44.6% compared to the 5-day average, which could signal a concern regarding sustained interest in the stock.
In the broader market context, while IND Renewable has outperformed the benchmark in the short term, it has underperformed on a year-to-date basis with a return of -5.81% compared to the Sensex's +7.00%. This discrepancy highlights the stock's volatility and potential challenges in maintaining momentum despite recent gains. The liquidity of the stock remains adequate, allowing for trades of a reasonable size, but the falling delivery volume may raise questions about future demand. Overall, while the stock is currently rising, the decline in investor participation could pose risks to its continued upward trajectory.