Why is M.V.K. Agro falling/rising?

As of 21-Jul, M.V.K. Agro Food Product Ltd's stock price is rising, currently at 207.30, reflecting an increase of 4.05 or 1.99%. The stock has shown impressive performance, with a 10.35% increase over the past week and a remarkable 51.09% rise over the last month. Additionally, it has reached a new 52-week high of Rs. 72 today and is trading above all its moving averages, indicating strong upward momentum. However, there is a notable decline in investor participation, with delivery volume falling by 44.62% compared to the 5-day average, which could be a concern for future trading activity.
In the broader market context, M.V.K. Agro's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.03% over the past week. Year-to-date, the stock has surged by 409.34%, while the Sensex has risen by just 6.12%, highlighting the stock's exceptional growth relative to the market. This strong performance, coupled with the stock's liquidity being adequate for trading, suggests that investor confidence remains high despite the drop in delivery volume. Overall, the stock's rise can be attributed to its strong returns and positive technical indicators, even as it faces challenges with declining investor participation.