Why is Mercantile Vent. falling/rising?

As of 18-Sep, Mercantile Ventures Ltd is experiencing a price increase, with its current price at 31.97, reflecting a rise of 0.97 or 3.13%. The stock has outperformed its sector by 2.8% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 93.19% compared to the 5-day average. Over the past month, the stock has shown a robust return of 20.41%, significantly outperforming the Sensex, which only increased by 2.14%. Year-to-date, the stock has risen by 38.94%, while the Sensex has gained 6.24%.
In the broader market context, while Mercantile Ventures Ltd's short-term performance has been strong, it has underperformed the Sensex over the past week, with a slight decline of 0.31% compared to the benchmark's increase of 1.80%. This suggests that while the stock is currently rising, it faces challenges in maintaining momentum amidst broader market trends. The significant drop in delivery volume could indicate a potential concern for future price stability, as lower investor participation may affect liquidity and market confidence.