Why is R M Drip & Sprin falling/rising?

As of 29-Jul, R M Drip & Sprinklers Systems Ltd is experiencing a price increase, currently at Rs. 618.85, reflecting a rise of Rs. 11.85 or 1.95%. The stock has reached a new 52-week and all-time high of Rs. 621.9 today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 69.28% compared to the 5-day average, which may raise concerns about the sustainability of this price increase. The stock has shown impressive returns over various periods, including a 266.40% increase over the past year and a staggering 4753.73% over three years, significantly outperforming the Sensex.
In the broader market context, R M Drip & Sprinklers Systems Ltd has outperformed the Sensex in the short term, with a 1-week return of +1.62% compared to the benchmark's -0.96%. This trend continues over the past month, where the stock gained 6.31% while the Sensex fell by 3.19%. The strong performance relative to the benchmark suggests that investor sentiment towards the company remains positive despite the drop in delivery volume. Overall, while the stock is rising, the decrease in investor participation could signal caution among traders regarding future price movements.