Why is Oricon Enterpris falling/rising?

As of 05-Aug, Oricon Enterprises Ltd is experiencing a price increase, currently at Rs 51.20, which reflects a rise of Rs 1.07 or 2.13%. The stock has shown strong performance recently, gaining 6.67% over the past week and 11.79% over the last month, significantly outperforming the Sensex, which has declined by 0.77% and 3.26% respectively during those periods. Today, the stock opened with a gain of 2.13% and has been on a consecutive upward trend for the last two days, with a total increase of 3.06%. It is also trading above its moving averages, indicating positive momentum. However, there has been a notable decrease in investor participation, with delivery volume falling by 44.25% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
Broader Market Context: The broader market context shows that while Oricon Enterprises has been performing well, the Sensex has been struggling, with a year-to-date return of only 3.29% compared to Oricon's impressive 31.89%. This divergence suggests that investor sentiment towards Oricon is more favorable than the overall market, contributing to its rising stock price. The stock's performance today, which outperformed its sector by 2.38%, further illustrates its strength in a challenging market environment. Overall, the combination of strong returns and positive technical indicators supports the stock's upward trajectory, despite the decline in investor participation.