Why is Innovana Think. falling/rising?

As of 30-Jun, Innovana Thinklabs Ltd is experiencing a significant rise in its stock price, currently at Rs. 610.00, reflecting an increase of Rs. 99.00 or 19.37%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 19.11%. After two consecutive days of decline, the stock has shown a trend reversal, gaining momentum with an intraday high of Rs. 610. The stock's performance over the past week and month has been impressive, with returns of +21.50% and +73.20%, respectively, while year-to-date returns stand at +42.52%. Additionally, the company maintains a low debt-to-equity ratio of 0.09, indicating financial stability, which may contribute positively to investor sentiment.
In the broader market context, Innovana Thinklabs Ltd's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 2.09% over the past week and 2.65% over the past month. This stark contrast highlights the stock's strong relative performance. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 43.4% against the 5-day average, which could indicate potential concerns about sustainability in the stock's upward momentum. Despite this, the stock's liquidity remains adequate for trading, suggesting that it can still attract interest from investors.