Why is Parin Enterpris. falling/rising?

As of 15-Sep, Parin Enterprises Ltd is experiencing a price increase, currently at Rs 483.60, reflecting a rise of Rs 7.15 or 1.5%. The stock is trading close to its 52-week high, just 1.12% away from Rs 489, and has outperformed its sector by 1.5% today. Over the past week, the stock has gained 3.28%, and it shows impressive returns over longer periods, including a 58.56% increase over the past year and a staggering 581.13% over the last five years. However, there is a noted decline in investor participation, with delivery volume falling by 8.54% against the five-day average, which could indicate a potential concern for future price stability.
In the broader market context, Parin Enterprises has significantly outperformed the Sensex, which has only risen by 1.20% over the past week and 1.78% over the past month. The stock's year-to-date return of 27.30% also contrasts sharply with the Sensex's 6.02% increase. This strong performance relative to the benchmark suggests that investor sentiment remains positive towards Parin Enterprises, despite the recent drop in delivery volumes. The liquidity of the stock remains adequate for trading, supporting its current upward price movement.