Why is Prime Fresh falling/rising?

As of 18-Sep, Prime Fresh Ltd's stock price is currently at Rs. 297.85, reflecting an increase of 5.35 or 1.83%. The stock has recently hit a new 52-week high today and has been on a positive trajectory, gaining 5.75% over the last three days. Despite opening lower with a loss of 3.93% and touching an intraday low of Rs. 281, the stock has shown resilience by outperforming its sector by 1.89%. Over various periods, Prime Fresh has demonstrated impressive returns, including a 78.67% increase over the past month and a 37.26% rise over the past year. Additionally, the company maintains a low debt-to-equity ratio and has experienced healthy long-term growth in net sales, which has likely contributed to the positive sentiment surrounding the stock.
In the broader market context, Prime Fresh's recent performance has significantly outpaced the Sensex, which only gained 1.80% over the past week. The stock's strong returns in both the short and long term, combined with increasing participation from institutional investors, suggest a favorable outlook compared to the benchmark. However, it is important to note that there has been a decline in investor participation, as evidenced by a 74.12% drop in delivery volume against the five-day average. This could indicate potential caution among retail investors despite the stock's overall positive performance.