Why is Paradeep Pari. falling/rising?

As of 27-Jun, Paradeep Parivahan Ltd's stock price is currently at Rs 119.00, reflecting an increase of Rs 5.0 or 4.39%. The stock has shown strong performance today, outperforming its sector by 5.43% and opening with a gain of 3.03%. It reached an intraday high of Rs 119.55, indicating positive momentum. Additionally, the stock has performed well over the past week, with a return of +10.19%, compared to the Sensex's +2.00%. However, there has been a notable decline in investor participation, with delivery volume falling by 44.65% against the 5-day average, which may indicate some caution among investors despite the positive price movement.
In the broader market context, Paradeep Parivahan Ltd's short-term performance has significantly outpaced the benchmark, as evidenced by its 1-week return of +10.19% compared to the Sensex's +2.00%. This suggests that the stock is gaining traction relative to the overall market. While the stock is trading above its moving averages, indicating a bullish trend, the decrease in delivery volume could raise concerns about sustainability in the price increase. Overall, the stock's rise can be attributed to strong short-term performance and positive trading activity, despite the drop in investor participation.