Why is Polysil Irrigati falling/rising?

As of 30-Jul, Polysil Irrigation Systems Ltd is experiencing a price increase, currently at 112.10, reflecting a rise of 4.3 or 3.99%. The stock has shown strong performance, with a one-week return of +10.28% and a one-month return of +52.83%, significantly outperforming the Sensex, which has declined by 1.45% and 2.59% respectively over the same periods. However, it is noteworthy that the stock's delivery volume has dramatically decreased by 99.08% compared to the five-day average, indicating a decline in investor participation. Additionally, while the stock is currently above its five-day moving average, it is below its longer-term moving averages, suggesting mixed signals regarding its momentum.
In the broader market context, Polysil's impressive year-to-date return of +304.69% stands in stark contrast to the Sensex's modest gain of 5.12%, highlighting the stock's strong relative performance. Despite this, the significant drop in delivery volume may raise concerns about the sustainability of its upward trajectory. The stock's liquidity remains adequate for trading, but the falling investor participation could pose risks if it continues. Overall, while Polysil is currently rising, the declining engagement from investors may warrant caution moving forward.