Why is R&B Denims falling/rising?

As of 23-Jul, R&B Denims Ltd's stock price is rising, currently at Rs 92.30, reflecting an increase of Rs 2.3 or 2.56%. The stock has outperformed its sector today by 1.37%, reaching an intraday high of Rs 95, which is a 5.56% increase. Over the past year, R&B Denims has generated a significant return of 35.24%, substantially higher than the market's return of 1.79%. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 64.35% compared to the 5-day average, which may indicate some caution among investors despite the stock's strong performance.
In the broader market context, R&B Denims has shown a positive short-term return of 2.19% over the past week, significantly outperforming the Sensex, which only increased by 0.11%. This trend of outperformance is consistent, as the stock has also outperformed the benchmark over the past month and year-to-date. The stock's ability to trade above its moving averages further supports its upward momentum, although the falling delivery volume suggests that while the price is rising, the level of trading activity may be waning.