Why is Popular Estate falling/rising?

As of 07-Oct, Popular Estate Management Ltd's stock price is rising, currently at Rs 25.45, reflecting an increase of Rs 1.09 or 4.47%. The stock has shown strong performance today, outperforming its sector by 4.57% and opening with a gain of 4.97%. It reached an intraday high of Rs 25.57 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been erratic trading with the stock not trading on 2 days out of the last 20, and a significant drop in delivery volume by 98.82% against the 5-day average indicates falling investor participation. The stock's performance over the past week, month, and year shows positive returns of 3.67%, 13.11%, and a slight decline of 1.24% respectively, compared to the Sensex.
In the broader market context, Popular Estate's recent short-term performance has outpaced the Sensex, which has returned 2.07% over the past week and 1.51% over the past month. This indicates that while the stock is experiencing a rise, the overall market is also showing positive movement, albeit at a slower pace. The year-to-date return of 30.38% for Popular Estate significantly exceeds the Sensex's 4.85%, suggesting strong investor interest despite the recent drop in trading volume. Overall, the stock's upward movement can be attributed to its strong recent performance relative to the sector and the benchmark, although the decline in investor participation could pose a concern for sustained growth.