Why is PSP Projects falling/rising?

As of 23-Oct, PSP Projects Ltd is experiencing a price increase, with its current price at 798.65, reflecting a change of 7.35 (0.93%) upward. The stock has shown strong performance recently, outperforming its sector by 0.92% today and achieving a consecutive gain over the last three days, resulting in a total return of 5.71% during this period. Over the past year, PSP Projects has generated a return of 34.22%, significantly higher than the market's average return of 3.59%. Despite this positive performance, it is important to note that the company's profits have declined by 69.3%, although it maintains a low debt-to-equity ratio of 0.06 and is trading at a discount compared to its peers.
In the broader market context, PSP Projects has outperformed the benchmark index, the Sensex, with a one-week return of 4.88% compared to the Sensex's 1.30%. This indicates that the stock is gaining traction relative to the overall market. However, there is a concerning trend in investor participation, as the delivery volume has decreased significantly by 76.09% against the five-day average, which may suggest a decline in investor confidence despite the stock's recent gains. Overall, while the stock is rising, the falling investor participation and declining profits could pose challenges moving forward.