Why is Jetmall Spices falling/rising?

As of 09-Oct, Jetmall Spices and Masala Ltd is experiencing a price increase, with the current price at Rs. 32.30, reflecting a rise of 0.63 or 1.99%. The stock has hit a new 52-week high today and has been on a positive trend, gaining consecutively for the last six days, resulting in a total increase of 12.5% during this period. Additionally, the stock has shown impressive returns over various time frames, including a 240% increase over the past year and a 193.64% rise year-to-date. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 20% compared to the five-day average, which could indicate a potential concern for future momentum.
In the broader market context, Jetmall Spices has significantly outperformed the benchmark Sensex, which has only increased by 1.47% over the past week and 5.16% year-to-date. The stock's performance over the past month and year also shows a stark contrast, with Jetmall achieving a 26.67% increase in the last month compared to the Sensex's 1.32%. This strong relative performance suggests that investor sentiment remains positive towards Jetmall Spices, despite the recent drop in delivery volume. Overall, the stock's upward movement is supported by its strong historical performance and current trading above all major moving averages, indicating robust demand despite the noted decrease in participation.