Why is OSEL Devices falling/rising?

As of 14-Jul, OSEL Devices Ltd is experiencing a price increase, currently trading at 355.25, which reflects a rise of 28.5 or 8.72%. The stock has recently hit a new 52-week and all-time high of Rs.368, indicating strong upward momentum. Over the past week, the stock has outperformed the sector by 7.49% and has shown significant returns of +11.15% over the last week and +27.47% over the past month. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 82.85% against the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, OSEL Devices has significantly outperformed the Sensex, which has declined by 1.49% over the past week while OSEL Devices gained 11.15%. Year-to-date, the stock has also outperformed the benchmark, with a return of +16.90% compared to the Sensex's +6.08%. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors, despite the noted decrease in delivery volume. Overall, the combination of hitting new highs and strong short-term returns relative to the market suggests a positive sentiment around OSEL Devices, even as liquidity remains adequate for trading.