Why is Lucent Industrie falling/rising?

As of 02-Jul, Lucent Industries Ltd is experiencing a price increase, currently at Rs 926.55, which reflects a rise of 44.1 points or 5.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 3.58%. It has shown strong performance over the last three days, gaining 15.75%, and opened with a gap up of 4.99%. Additionally, Lucent Industries has demonstrated impressive returns, with a 649.33% increase over the past year and a staggering 6356.79% over the last three years, consistently outperforming the BSE500 in each of the last three annual periods. Positive financial results reported for March 25, including the highest PBDIT, PBT, and PAT, have likely bolstered investor confidence, contributing to the stock's upward movement.
In the broader market context, Lucent Industries has significantly outperformed the Sensex, which has only increased by 0.79% over the past week and 2.50% over the past month, compared to Lucent's respective gains of 18.39% and 43.65%. This stark contrast highlights the stock's strong momentum relative to the benchmark. However, it is worth noting that there has been a decrease in investor participation, with delivery volume falling by 42.31% against the five-day average, which could indicate a potential concern for sustained growth. Despite this, the liquidity of the stock remains adequate for trading, suggesting that while there may be some caution among investors, the overall performance and historical returns continue to drive the stock's rise.