Why is Kross Ltd falling/rising?

As of 09-Sep, Kross Ltd's stock price is currently at 224.60, reflecting an increase of 6.75, or 3.1%. The stock has shown strong performance recently, with a 12.36% increase over the past week and a remarkable 32.20% rise over the past month. Today's trading saw the stock reach an intraday high of Rs 231, although it also dipped to a low of Rs 210.05. Despite this fluctuation, Kross Ltd is trading above its moving averages across multiple timeframes, indicating a positive trend. However, there has been a significant drop in investor participation, with delivery volume falling by 60.54% compared to the five-day average. The company's strong management efficiency, as evidenced by a high ROCE of 25.56% and a low Debt to EBITDA ratio of 0.58, supports its valuation, contributing to the stock's upward movement.
In the broader market context, Kross Ltd has outperformed the Sensex, which has only increased by 1.18% over the past week, while Kross Ltd's returns have been significantly higher. The stock's year-to-date performance shows a 5.45% increase, compared to the Sensex's 3.79%. This outperformance, combined with the company's ability to generate profits despite a flat return over the past year, suggests that investor sentiment remains positive. However, the decline in trading volume may indicate a potential concern for future liquidity, which could impact the stock's performance if it continues.