Why is Medinova Diagno. falling/rising?

As of 03-Nov, Medinova Diagnostic Services Ltd is experiencing a price increase, with its current price at Rs 41.64, reflecting a change of 2.16 or 5.47% upward. The stock has outperformed its sector by 4.09% today, reaching an intraday high of Rs 41.8. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there is a notable decline in investor participation, with delivery volume on 31 October dropping by 92.41% compared to the 5-day average, which may raise concerns about the sustainability of the price increase. The stock has shown impressive returns over various periods, including a 53.09% increase over three years and a 223.29% rise over five years, significantly outperforming the Sensex.
In the broader market context, Medinova's short-term performance over the past week has been positive at +3.87%, contrasting sharply with the Sensex, which has declined by 0.94% during the same period. This indicates that Medinova is gaining traction relative to the overall market, which may be contributing to investor interest despite the drop in delivery volume. The stock's year-to-date return of 11.79% also surpasses the Sensex's 7.47%, reinforcing its strong performance in a challenging market environment.