Why is NDA Securities falling/rising?

As of 11-Aug, NDA Securities Ltd is experiencing a price increase, currently at 43.85, reflecting a rise of 1.84 or 4.38%. The stock has shown a strong performance today, outperforming its sector by 3.69% and achieving a consecutive gain over the last two days with a total return of 9.49%. Despite opening with a loss of 2.4%, it reached an intraday high of Rs 44, indicating volatility within the trading day. Over the past week, the stock has gained 1.58%, while its year-to-date performance stands at a robust 34.84%. However, it has faced challenges in the past month, with a decline of 13.34%. Notably, there has been a significant drop in investor participation, with delivery volume falling by 78.21% against the 5-day average, which may indicate waning interest among investors.
In the broader market context, NDA Securities has outperformed the Sensex, which has seen a decline of 0.51% over the past week. This contrast highlights the stock's relative strength in a challenging market environment. While the stock's recent performance is encouraging, the decline in delivery volume and mixed moving averages suggest caution among investors. The stock remains liquid enough for trading, but the falling investor participation could pose risks to its upward momentum if not addressed. Overall, the stock's rise today can be attributed to its recent gains and sector outperformance, despite underlying concerns regarding investor engagement.