Why is Jakharia Fabric falling/rising?

As of 29-Sep, Jakharia Fabric Ltd's stock price is rising, currently at Rs. 142.90, reflecting an increase of Rs. 6.8 or 5.0%. The stock has recently hit a new 52-week high and is performing well against its sector, outperforming by 5.37%. Over the past week, the stock has gained 10.22%, and over the past month, it has surged by 62.20%. Additionally, Jakharia Fabric is trading above all its moving averages, indicating strong upward momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 68.75% against the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
In the broader market context, Jakharia Fabric's recent performance stands in stark contrast to the benchmark Sensex, which has declined by 2.25% over the past week. Year-to-date, Jakharia Fabric has achieved an impressive return of 207.97%, significantly outpacing the Sensex's 4.19% gain. This strong performance highlights the company's resilience and attractiveness to investors, despite the recent drop in trading volume. Overall, while the stock is currently rising, the decrease in investor participation could pose a risk to its continued upward trajectory.