Why is Lahoti Overseas falling/rising?

As of 05-Sep, Lahoti Overseas Ltd is experiencing a price increase, currently trading at 49.24, which reflects a rise of 0.77 or 1.59%. The stock has shown strong performance recently, outperforming its sector by 1.06% today and achieving consecutive gains over the last two days, resulting in a total return of 2.48% during this period. Additionally, the stock has demonstrated impressive returns over various time frames, including a 7.84% increase over the past month and an 11.10% rise over the past year, significantly outperforming the Sensex, which has declined by 1.81% in the same timeframe. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 54.62% against the 5-day average, which could indicate a potential concern for future momentum.
In the broader market context, Lahoti Overseas has outperformed the Sensex in the short term, with a weekly return of 3.23% compared to the benchmark's 1.13%. This positive performance suggests that the stock is gaining traction relative to the overall market. The stock is also trading above its moving averages across multiple time frames, indicating a bullish trend. Despite the drop in delivery volume, the liquidity remains sufficient for trading, which may help support the stock's upward movement. Overall, the combination of strong historical performance and recent gains, alongside the broader market context, contributes to the stock's rising price.