Why is Parin Enterpris. falling/rising?

As of 18-Sep, Parin Enterprises Ltd is experiencing a price increase, currently at Rs. 508.75, which reflects a rise of Rs. 15.25 or 3.09%. The stock has recently hit a new 52-week high of Rs. 518.15 and has outperformed its sector by 3.93%. Over the past week, the stock has shown a return of +7.33%, and over the last month, it has increased by +22.80%. Additionally, it is trading above all key moving averages, indicating strong upward momentum. However, there has been a decline in investor participation, with delivery volume falling by 17.91% compared to the 5-day average, which could signal caution among some investors.
In the broader market context, Parin Enterprises has significantly outperformed the Sensex, which has only increased by 1.67% over the past week. The stock's year-to-date return stands at +33.92%, compared to the Sensex's +7.52%, further highlighting its strong performance relative to the market. The substantial gains over the past three and five years, at +337.45% and +616.55% respectively, indicate a robust long-term growth trajectory. Despite the recent dip in delivery volume, the overall positive performance metrics suggest that investor sentiment remains favorable, contributing to the stock's rising price.