Why is P.M. Telelinnks falling/rising?

As of 15-Sep, P.M. Telelinnks Ltd's stock price is currently at Rs. 9.13, reflecting an increase of Rs. 0.43 or 4.94%. The stock has recently hit a new 52-week high and has been on a positive trajectory, gaining for the last eight consecutive days with a total return of 47.02% during this period. Additionally, the stock has outperformed its sector by 4.79%. Over the past week, it has shown a remarkable return of 27.16%, and year-to-date, it has increased by 55.54%. However, there is a notable decline in investor participation, with delivery volume falling by 77.48% against the five-day average, which may indicate a potential concern regarding sustained interest in the stock. In the broader market context, P.M. Telelinnks' short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.24% over the same week. This stark contrast highlights the stock's strong momentum relative to the market. While the stock's liquidity appears adequate for trading, the declining delivery volume could suggest caution among investors. Overall, the combination of strong recent performance and a new high, despite reduced participation, contributes to the stock's rising price.