Why is R&B Denims falling/rising?

As of 23-Oct, R&B Denims Ltd is experiencing a significant rise in its stock price, currently at Rs. 139.65, reflecting an increase of Rs. 12.3 or 9.66%. The stock has recently hit a new 52-week high of Rs. 140.2 and has outperformed its sector by 8.39%. Over the past two days, the stock has gained 11.27%, and it opened with a notable gap up of 4.79% today. Additionally, R&B Denims has shown impressive returns over various periods, including a year-to-date increase of 64.29% and a three-year rise of 189.13%. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 63.49% against the five-day average, which could indicate some caution among investors.
In the broader market context, R&B Denims' short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.30% over the past week. The stock's strong upward movement is further supported by its trading above all major moving averages, suggesting a bullish trend. Despite the falling investor participation, the liquidity remains sufficient for trading, indicating that the stock is still attractive to some investors. Overall, the combination of strong performance metrics and recent price movements contributes to the stock's rising trend, even as some caution is reflected in the declining delivery volumes.