Why is Paradeep Pari. falling/rising?

As of 15-Jul, Paradeep Parivahan Ltd's stock price is currently at Rs 132.65, reflecting an increase of Rs 2.6 or 2.0%. The stock has demonstrated strong performance recently, with an 8.29% rise over the past week and a 17.39% increase over the past month. It has been gaining for the last five consecutive days, outperforming its sector by 1.08%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 31.03% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
In the broader market context, Paradeep Parivahan Ltd's recent performance stands in stark contrast to the benchmark Sensex, which has declined by 1.36% over the past week. This significant outperformance suggests that the stock is gaining traction independently of broader market trends. While the Sensex has only increased by 1.79% over the past month, Paradeep Parivahan's robust returns highlight its relative strength in the current market environment. Overall, the combination of strong short-term performance and the stock's ability to maintain a positive trajectory despite declining investor participation contributes to its rising price.