Why is Osiajee Texfab falling/rising?

As of 28-Oct, Osiajee Texfab Ltd's stock price is rising, currently at Rs. 378.80, reflecting an increase of Rs. 11.9 or 3.24%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 2.94%. It has been on a consecutive gain streak for the last 11 days, accumulating a remarkable 34.92% return during this period. Additionally, the stock's performance over various time frames shows significant growth, with a year-to-date increase of 653.68% compared to the Sensex's 8.30%. However, there has been a decline in investor participation, with delivery volume falling by 18.99% against the 5-day average, which may indicate a potential concern for future momentum.
In the broader market context, Osiajee Texfab's short-term return of 10.68% over the past week significantly outpaces the Sensex's modest gain of 0.24%. This strong performance suggests that the stock is attracting investor interest despite the recent drop in delivery volume. The stock's ability to trade above all key moving averages further supports its upward trajectory, indicating a bullish trend. Overall, while the stock is experiencing a rise, the decrease in delivery volume could be a factor to monitor as it may affect future trading dynamics.