Why is Jakharia Fabric falling/rising?

As of 12-Sep, Jakharia Fabric Ltd's stock price is rising, currently at Rs. 117.65, reflecting an increase of Rs. 5.5 or 4.9%. The stock has recently hit a new 52-week high of Rs. 117.75 and is performing well above its moving averages across various time frames. Over the past week, the stock has surged by 27.19%, and it has shown a remarkable year-to-date return of 153.56%. However, there is a noted decline in investor participation, with delivery volume falling by 16.67% against the 5-day average, which may indicate a potential concern regarding sustained interest in the stock.
In the broader market context, Jakharia Fabric's impressive short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.51% over the same week. This stark contrast highlights the stock's strong momentum relative to the market. Despite the recent decline in delivery volume, the stock's liquidity remains adequate for trading, suggesting that while there may be some caution among investors, the overall trend is positive, driven by strong returns and favorable technical indicators.