Why is Omansh Enterpri. falling/rising?

As of 29-Oct, Omansh Enterprises Ltd is experiencing a price increase, with a current price of Rs. 144.62, reflecting a rise of 2.83 (2.0%). The stock has been on a positive trajectory, gaining for the last 18 days and achieving a remarkable return of 60.28% over the past month. Today, it reached a new 52-week and all-time high of Rs. 144.62, opening with a gain of 2%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 46.43% compared to the 5-day average, which could suggest a potential concern for sustainability in the stock's rise.
In the broader market context, Omansh Enterprises Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.68% over the past week and 5.76% over the past month. The stock's year-to-date return stands at an astonishing 3343.33%, compared to the Sensex's 8.78%, highlighting its exceptional performance relative to the market. This stark contrast in returns underscores the stock's strong appeal among investors, despite the recent drop in delivery volume, which may indicate a shift in trading dynamics. Overall, the combination of strong price performance and significant outperformance against the benchmark contributes to the stock's rising trend.