Why is Kandarp Digi falling/rising?

As of 08-Aug, Kandarp Digi Smart BPO Ltd's stock price is currently at Rs. 99.90, reflecting an increase of Rs. 6.65 or 7.13%. The stock has recently hit a new 52-week and all-time high of Rs. 99.95 today. It has outperformed its sector by 7.38% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a remarkable return of +18.29%, significantly outperforming the Sensex, which has declined by 0.82%. Year-to-date, the stock has surged by 105.13%, while the Sensex has only increased by 3.04%. However, there has been a notable decline in investor participation, with delivery volume dropping by 35.71% against the 5-day average.
In the broader market context, Kandarp Digi's strong short-term performance stands in stark contrast to the Sensex's recent downturn, highlighting its resilience and attractiveness to investors. Despite the positive price movement, the decline in delivery volume may indicate a potential concern regarding sustained investor interest. Overall, while the stock is experiencing a significant rise, the falling investor participation could suggest caution among traders, which may impact future price movements.