Why is Kandarp Digi falling/rising?

As of 17-Jun, Kandarp Digi Smart BPO Ltd is experiencing a price increase, currently at 91.65, which reflects a rise of 3.45 or 3.91%. The stock has shown strong performance, outperforming its sector by 4.32% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 5.41%, while its one-month return stands at 3.74%. Year-to-date, it has surged by 88.19%, and over the past year, it has achieved an impressive 198.05% increase. However, there has been a decline in investor participation, with delivery volume falling by 16.67% compared to the 5-day average, which may indicate some caution among investors.
In the broader market context, Kandarp Digi's recent performance contrasts sharply with the benchmark Sensex, which has declined by 1.00% over the past week and 0.67% over the past month. This significant outperformance highlights the stock's strength relative to the overall market. Year-to-date, while the Sensex has only increased by 5.11%, Kandarp Digi has vastly outperformed with an 88.19% gain. This divergence suggests that investor sentiment towards Kandarp Digi remains strong despite a general market downturn, although the drop in delivery volume could signal potential concerns that may need to be monitored.