Why is Purple United falling/rising?

As of 27-Oct, Purple United Sales Ltd is experiencing a price increase, currently at Rs. 534.50, reflecting a rise of Rs. 24.6 or 4.82%. The stock has recently hit a new 52-week and all-time high of Rs. 535.35. In terms of performance, it has outperformed its sector by 3.77% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 4.39%, and over the past month, it has surged by 28.52%, significantly outpacing the Sensex, which has only increased by 0.48% during the same period. However, there has been a decline in investor participation, with delivery volume dropping by 24.24% against the 5-day average, indicating a potential concern regarding sustained interest.
Broader Market Context: The stock's strong performance is notable when compared to the Sensex, which has only risen by 5.32% over the past month, highlighting Purple United's exceptional growth relative to the broader market. Year-to-date, the stock has an impressive return of 178.75%, far exceeding the Sensex's 9.82% increase. This substantial outperformance suggests that investor sentiment remains positive despite the recent decline in delivery volumes, which could indicate a temporary fluctuation in trading activity rather than a fundamental weakness in the stock's performance.