Why is Jaihind Synth falling/rising?

As of 11-Jul, Jaihind Synthetics Ltd is experiencing a price increase, currently at Rs 65.95, which reflects a rise of 2.45 or 3.86%. The stock has been gaining for the last three days, with an overall return of 8.83% during this period. Although it opened with a loss of 4.96% today, it managed to reach an intraday high of Rs 65.95. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend over a longer timeframe. However, there has been a significant decline in investor participation, with delivery volume dropping by 93.38% compared to the 5-day average, which may raise concerns about the sustainability of this price increase.
In the broader market context, Jaihind Synthetics has outperformed the Sensex by 4.91% today, despite the benchmark index experiencing a decline of 1.12% over the past week. Over the past month, the stock has shown a remarkable return of 40.32%, while the Sensex has remained nearly flat at -0.02%. Year-to-date, Jaihind Synthetics has gained 37.40%, significantly outperforming the Sensex's 5.58% increase. This strong performance relative to the benchmark suggests that investor sentiment towards Jaihind Synthetics remains positive, despite the recent drop in trading volume.