Why is Qualitek Labs falling/rising?

As of 08-Sep, Qualitek Labs Ltd is currently priced at Rs 396.00, reflecting an increase of Rs 1.25, or 0.32%. The stock has shown strong performance recently, with a 12.64% increase over the past week and a notable 30.87% rise over the past month. It is currently 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 significant drop in investor participation, with delivery volume on September 5 falling by 74.49% compared to the 5-day average. The stock is also close to its 52-week high, just 3.03% away from Rs 408, which may indicate bullish sentiment among investors.
In the broader market context, Qualitek Labs has outperformed the Sensex, which has only increased by 0.53% over the past week and 1.16% over the past month, while Qualitek's returns stand at 12.64% and 30.87%, respectively. This strong relative performance suggests that investor interest in Qualitek Labs is robust despite the decline in delivery volume, which could be a concern for liquidity. Overall, the stock's upward movement is supported by its strong short-term returns compared to the benchmark, although the falling investor participation may warrant caution moving forward.