Why is K G Denim falling/rising?

As of 28-Aug, K G Denim Ltd's stock price is currently at 20.70, reflecting an increase of 0.65, or 3.24%. The stock has shown strong performance in the short term, with a 6.32% increase over the past week and a significant 28.49% rise over the past month, outperforming the Sensex, which has declined by 2.34% and 1.00% in the same periods, respectively. Additionally, K G Denim is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there is a noted decline in investor participation, with delivery volume falling by 3.93% compared to the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, K G Denim's recent performance contrasts sharply with the benchmark Sensex, which has experienced negative returns over the same periods. While K G Denim has managed to achieve positive returns in the short term, its year-to-date performance remains negative at -16.87%, compared to the Sensex's positive return of 2.48%. This divergence highlights the stock's volatility and the challenges it has faced over a longer timeframe, particularly in the 3-year and 5-year comparisons where it has significantly underperformed against the benchmark. Overall, while the stock is currently rising, the decline in investor participation and its historical performance may pose risks to its upward momentum.