Why is Pagaria Energy falling/rising?

As of 26-Aug, Pagaria Energy Ltd's stock price is rising, currently at Rs. 15.53, reflecting an increase of 0.3 or 1.97%. The stock has reached a new 52-week high today and has shown impressive performance, gaining 50.48% over the past month and 107.07% over the past year. It has been on a consecutive gain streak for the last 21 days, outperforming its sector by 3.94%. 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 dropping by 79.52% against the 5-day average, which may suggest a potential concern regarding sustainability of this upward trend.
In the broader market context, Pagaria Energy's short-term return of 10.22% over the past week stands in stark contrast to the Sensex, which has declined by 1.05% during the same period. This significant outperformance highlights the stock's strength relative to the overall market. While the stock has demonstrated remarkable growth over various time frames, the falling investor participation could indicate a need for caution moving forward, as it may affect future price stability. Overall, the stock's recent performance is buoyed by strong returns and positive momentum, despite some concerns regarding liquidity and investor engagement.