Why is Pro CLB falling/rising?

As of 15-Oct, Pro CLB Global Ltd's stock price is rising, currently at Rs 41.47, reflecting an increase of Rs 1.97 or 4.99%. The stock has shown strong performance today, having outperformed its sector by 2.83% and marking its second consecutive day of gains with a total return of 9.88% over this period. It opened with a gap up of 4.99% and reached an intraday high of Rs 41.47. Furthermore, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 79.3% against the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
In the broader market context, Pro CLB's short-term performance over the past week has been significantly stronger than the benchmark Sensex, with the stock gaining 9.68% compared to the Sensex's 1.02% increase. This outperformance highlights investor confidence in Pro CLB relative to the overall market. Despite a year-to-date decline of 19.07% against the Sensex's gain of 5.72%, the stock's remarkable 80.54% increase over the past year and 248.49% over the past three years suggests a strong recovery potential. Overall, while the stock is currently rising, the drop in investor participation could pose a risk to its continued upward trajectory.