Why is Pasupati Acrylon falling/rising?

As of 18-Nov, Pasupati Acrylon Ltd is experiencing a price increase, with its current price at Rs 54.05, reflecting a rise of Rs 1.45 or 2.76%. The stock has shown strong performance recently, gaining 3.96% over the last two days and outperforming its sector by 2.51% today. It has also reached an intraday high of Rs 55.36, indicating positive momentum. Furthermore, the stock has demonstrated impressive returns over various periods, including a 24.77% increase over the past month and a remarkable 488.78% rise over the last five years. However, there is a notable decline in investor participation, with delivery volume dropping by 71.88% compared to the five-day average, which may raise concerns about sustainability in the stock's upward movement.
In the broader market context, Pasupati Acrylon's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.96% over the past week. The stock's strong returns of 3.43% in the same period highlight its robust performance relative to the market. Additionally, the stock is trading above all its moving averages, suggesting a bullish trend. Despite the decline in delivery volume, the liquidity remains adequate for trading, which could support continued interest from investors. Overall, while the stock is rising, the drop in investor participation may warrant caution moving forward.