Why is Parin Enterpris. falling/rising?

As of 30-Sep, Parin Enterprises Ltd is experiencing a price increase, currently at Rs. 547.00, which reflects a rise of Rs. 18.7 or 3.54%. The stock has reached a new 52-week high of Rs. 549 today and has outperformed its sector by 3.8%. Over the past week, the stock has shown a strong performance with a return of +9.18%, 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 dropping by 28.57% compared to the 5-day average, which may indicate a potential concern for future trading activity.
In the broader market context, Parin Enterprises Ltd has significantly outperformed the Sensex, which has declined by 2.22% over the past week, while the stock has gained 9.18%. Year-to-date, the stock has risen by 43.99%, compared to the Sensex's modest increase of 4.09%. This stark contrast highlights the stock's strong performance relative to the market, despite the recent drop in delivery volume suggesting a possible decrease in investor interest. Overall, while the stock is on an upward trajectory, the falling investor participation could be a factor to monitor moving forward.