Why is Parin Enterpris. falling/rising?

As of 17-Sep, Parin Enterprises Ltd is experiencing a price increase, with its current price at Rs. 493.50, reflecting a rise of 6.5 points or 1.33%. The stock has recently hit a new 52-week high today and has outperformed its sector by 0.91%. Over the past week, the stock has shown a return of +4.65%, and it has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 53.95% compared to the 5-day average, which may indicate a potential concern regarding sustained buying interest.
In the broader market context, Parin Enterprises has significantly outperformed the Sensex, which has only increased by 1.43% over the past week. The stock's year-to-date return of +29.90% and one-year return of +52.31% further highlight its strong performance relative to the benchmark, which has seen a slight decline of -0.35% over the same period. This disparity suggests that while the stock is currently rising, the overall market sentiment may not be as robust, potentially impacting future performance if investor participation continues to wane.