Why is Kandarp Digi falling/rising?

As of 10-Sep, Kandarp Digi Smart BPO Ltd is experiencing a price increase, with its current price at 111.05, reflecting a rise of 5.15 or 4.86%. The stock has shown strong performance today, outperforming its sector by 3.03%. It is 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 5.01%, and it has significantly outperformed the benchmark Sensex, which has only increased by 1.04%. However, there has been a decline in investor participation, with delivery volume dropping by 24.53% compared to the 5-day average, which may raise concerns about the sustainability of the stock's upward movement.
In the broader market context, Kandarp Digi's short-term return of 5.01% over the past week is substantially higher than the Sensex's 1.04% increase, showcasing its relative strength. Year-to-date, the stock has surged by 128.03%, while the Sensex has only risen by 5.62%, further highlighting its robust performance. Despite the positive returns, the falling investor participation could signal potential volatility ahead, as liquidity remains adequate for trading. Overall, the stock's recent rise can be attributed to its strong performance metrics, although the decline in delivery volume may warrant caution among investors.