Why is Popular Estate falling/rising?

As of 12-Nov, Popular Estate Management Ltd's stock price is currently at Rs 21.60, reflecting an increase of Rs 1.0 or 4.85%. The stock has shown strong performance today, outperforming its sector by 2.68% and has gained for the last two consecutive days, resulting in a total return of 9.09% during this period. Additionally, the stock opened with a gain of 4.85% and reached an intraday high of Rs 21.60. In terms of longer-term performance, the stock has increased by 12.21% over the past week, although it has seen a slight decline of 1.10% over the past month. Notably, the stock is currently trading above its 5-day and 20-day moving averages, indicating a positive short-term trend, despite being below its longer-term moving averages. However, there has been a significant drop in investor participation, with delivery volume falling by 79.38% compared to the 5-day average, which may raise concerns about sustainability in this upward movement.
In the broader market context, the Sensex has increased by 1.21% over the past week, which highlights that Popular Estate's short-term performance is significantly stronger than the benchmark. While the stock has outperformed the sector today, its one-month performance lags behind the Sensex, which has gained 2.38% in the same timeframe. This suggests that while the stock is currently experiencing a positive momentum, it may face challenges in maintaining this growth if broader market conditions do not support it. Overall, the recent gains in stock price can be attributed to positive short-term performance and sector strength, but the decline in investor participation could pose risks for future price stability.