Why is Premium Plast falling/rising?

As of 30-Jun, Premium Plast Ltd is experiencing a significant rise in its stock price, currently at 43.30, which reflects an increase of 6.3 or 17.03%. The stock has outperformed its sector today by 16.36%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 86.84% compared to the 5-day average. Year-to-date, the stock has seen a slight decline of 0.12%, contrasting with the Sensex's gain of 7.92%, but it has performed well in the short term with a 31.21% increase over the past month.
In the broader market context, Premium Plast's recent performance has significantly outpaced the Sensex, which has only increased by 3.10% over the same one-month period. This strong short-term return suggests that investor sentiment may be shifting positively towards the stock, despite the year-to-date underperformance. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, while the stock is currently rising, the substantial drop in delivery volume may raise concerns about the sustainability of this upward movement in the future.