Why is Pro CLB falling/rising?

As of 23-Oct, Pro CLB Global Ltd's stock price is currently at 46.80, reflecting an increase of 0.55 or 1.19%. The stock has shown strong performance recently, with a one-week return of 11.43% and a one-month return of 22.67%, significantly outperforming the Sensex, which has only increased by 1.30% and 2.99% over the same periods, respectively. Additionally, Pro CLB 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 dropping by 98.56% against the 5-day average, which could signal a potential concern for future price stability.
In the broader market context, while Pro CLB has demonstrated impressive long-term returns, including an annual increase of 81.25% compared to the Sensex's 5.59%, its year-to-date performance is less favorable, showing a decline of 8.67% against the benchmark's gain of 8.21%. This divergence suggests that while the stock has recently gained momentum, it may still be facing challenges in maintaining investor interest amid fluctuating participation levels. Overall, the stock's recent rise can be attributed to strong short-term performance metrics, despite the concerning drop in trading volume.