Why is Kandarp Digi falling/rising?

As of 04-Nov, Kandarp Digi Smart BPO Ltd's stock price is currently at 103.95, reflecting an increase of 4.95, or 5.0%. The stock has shown strong performance today, outperforming its sector by 4.95%. Over the past week, it has gained 2.51%, while its year-to-date return stands at an impressive 113.45%. However, there has been a notable decline in investor participation, with delivery volume on 03 Nov falling by 33.33% compared to the 5-day average. The stock is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, although it is below the 50-day moving average, indicating mixed signals in terms of momentum. Broader market context shows that while Kandarp Digi has performed well in the short term, with a 2.51% increase over the past week, the benchmark Sensex has declined by 1.31% during the same period. This indicates that the stock is gaining traction relative to the broader market. The year-to-date performance of Kandarp Digi, at 113.45%, significantly outpaces the Sensex's 8.26%, suggesting strong investor confidence in the company despite the recent drop in trading volume. Overall, the stock's rising price can be attributed to its strong historical performance and relative outperformance against the benchmark, even as liquidity concerns emerge.