Why is Parin Enterpris. falling/rising?

As of 16-Sep, Parin Enterprises Ltd is experiencing a price increase, currently at Rs 487.00, which reflects a rise of Rs 3.4 or 0.7%. The stock has shown strong performance, with a 1-week return of +5.87% and a 1-month return of +18.93%, significantly outperforming the Sensex, which has only increased by +1.49% and +2.47% over the same periods, respectively. Additionally, the stock is trading above all its moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 61.11% compared to the 5-day average, which may raise concerns about the sustainability of this upward movement.
In the broader market context, Parin Enterprises' year-to-date return of +28.19% and a remarkable 3-year return of +318.74% further highlight its strong performance relative to the Sensex, which has only gained +6.74% and +43.97% in the same time frames. This substantial outperformance suggests that investor sentiment remains positive despite the recent drop in trading volume. The stock is also close to its 52-week high, just 0.41% away, which may attract additional buying interest. Overall, while the stock is rising, the decrease in delivery volume could signal caution among investors regarding future price movements.