Why is Nimbus Projects falling/rising?

As of 20-Oct, Nimbus Projects Ltd is experiencing a price increase, currently at Rs 298.45, reflecting a rise of Rs 13.1 or 4.59%. The stock has shown strong performance today, having opened with a gain of 3.36% and reaching an intraday high of Rs 299.5, which is 4.96% higher than the previous close. Additionally, Nimbus Projects has outperformed its sector by 3.86%. Over the past week, the stock has risen by 6.21%, and its year-to-date return stands at an impressive 35.47%. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 40.15% compared to the 5-day average, which could indicate a potential concern for future momentum.
Broader market context shows that Nimbus Projects has significantly outperformed the Sensex, which has only increased by 2.47% over the past week. This trend continues over longer periods, with Nimbus achieving a remarkable 124.82% return over the past year compared to the Sensex's 3.86%. The stock is also trading above all its moving averages, indicating a strong upward trend. Despite the positive price movement, the decline in delivery volume suggests that while the stock is currently rising, there may be underlying factors that could affect its sustainability in the near term.