Why is Parin Enterpris. falling/rising?

As of 10-Nov, Parin Enterprises Ltd is experiencing a price increase, with its current price at Rs. 590.00, reflecting a rise of Rs. 28.0 or 4.98%. The stock has reached a new 52-week high today and has outperformed its sector by 5.81%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a strong return of +10.07%, while its year-to-date return stands at an impressive +55.30%. However, there has been a notable decline in investor participation, with delivery volume dropping by 79.8% against the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, while Parin Enterprises has shown significant short-term outperformance compared to the Sensex, which has declined by 0.73% over the past week, the overall market sentiment appears mixed. The stock's strong performance over various periods, including a 1-year return of +57.33% compared to the Sensex's +5.91%, highlights its resilience and attractiveness to investors. Despite the drop in delivery volume, the liquidity remains sufficient for trading, suggesting that while there may be some caution among investors, the stock's upward trajectory is supported by its solid historical performance and current trading metrics.