Why is Jai Mata Glass falling/rising?

As of 07-Aug, Jai Mata Glass Ltd is experiencing a price increase, currently at 2.77, which reflects a rise of 0.05 or 1.84%. The stock has been on a positive trajectory, gaining for the last nine days and achieving a total return of 16.88% during this period. Additionally, it has outperformed its sector by 1.65% today. The stock's performance over the past week shows a significant increase of 9.92%, and over the past month, it has surged by 84.67%. However, it's important to note that there has been a decline in investor participation, with delivery volume dropping by 63.3% compared to the five-day average, which could indicate a potential concern regarding sustained interest in the stock.
In the broader market context, while Jai Mata Glass has shown impressive short-term returns, the benchmark index, Sensex, has declined by 0.69% over the past week and 3.38% over the past month. This contrast highlights the stock's strong performance relative to the market, particularly as it has consistently traded above its moving averages across various time frames. Despite the positive price movements, the falling investor participation may pose a risk to the stock's upward momentum if it continues. Overall, the stock's recent gains can be attributed to its strong performance metrics, but the decrease in trading volume suggests caution moving forward.