Why is Manav Infra falling/rising?

As of 08-Oct, Manav Infra Projects Ltd is experiencing a price increase, with its current price at Rs. 25.05, reflecting a rise of 1.15 or 4.81%. The stock has reached a new 52-week high today and has outperformed its sector by 5.09%. Additionally, it is trading above all its moving averages, indicating strong momentum. Over the past week, the stock has surged by 20.72%, and it has shown impressive returns of 72.16% over the past month and 317.50% over the last three years. However, there is a notable decline in investor participation, with delivery volume falling by 44.44% against the five-day average, which could be a concern for future price stability.
In the broader market context, while Manav Infra has significantly outperformed the Sensex, which has only increased by 0.84% over the past week, the overall market sentiment appears stable. The stock's year-to-date return of 47.35% also contrasts sharply with the Sensex's 5.93% increase, highlighting its strong performance relative to the benchmark. Despite the drop in delivery volume, the liquidity remains sufficient for trading, suggesting that while there may be some caution among investors, the stock's upward trajectory is supported by its strong performance metrics.