Why is Naapbooks falling/rising?

As of 17-Sep, Naapbooks Ltd's stock price is rising, currently at Rs 154.00, reflecting an increase of Rs 9.05 or 6.24%. The stock has shown strong performance, with a 1-week return of 10.79% and a 1-month return of 17.56%, significantly outperforming the Sensex, which returned 1.56% and 2.60% respectively during the same periods. Additionally, the stock is close to its 52-week high, only 3.25% away, and has been trading above its moving averages across multiple timeframes. However, there has been a notable decline in investor participation, with delivery volume dropping by 89.36% compared to the 5-day average, which could indicate some caution among investors despite the positive price movement.
Broader market context shows that Naapbooks Ltd has outperformed the Sensex significantly over the past year, with a staggering 145.85% return compared to the benchmark's decline of 0.46%. In the longer term, over three years, Naapbooks has achieved an impressive return of 522.22%, while the Sensex has only increased by 40.54%. This strong performance relative to the broader market suggests that investor sentiment remains positive towards Naapbooks, despite the recent drop in trading volume. Overall, the stock's rise can be attributed to its robust performance metrics and favorable comparisons to the benchmark, even as liquidity concerns may temper some investor enthusiasm.