Why is Modi's Navnirman falling/rising?

As of 18-Sep, Modis Navnirman Ltd is experiencing a price increase, currently at Rs. 306.00, reflecting a rise of 3.4 or 1.12%. The stock reached a new 52-week high of Rs. 313 today and opened with a gain of 2.08%. It has outperformed its sector by 1.06% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 5.52%, and year-to-date, it has risen by 18.60%. However, there is a notable decline in investor participation, with delivery volume dropping by 94.3% compared to the 5-day average, which may indicate a potential concern regarding sustained interest in the stock.
In the broader market context, Modis Navnirman Ltd's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 1.80% over the past week and 6.24% year-to-date. This strong relative performance suggests that investor sentiment towards Modis Navnirman is positive despite the drop in delivery volume, indicating that while the stock is rising, there may be underlying issues with liquidity or investor engagement that could affect its future performance.