Why is Saffron Industri falling/rising?

As of 25-Jun, Saffron Industries Ltd is experiencing a significant rise in its stock price, currently at Rs. 12.66, reflecting an increase of 1.71 or 15.62%. The stock has recently hit a new 52-week high today and has outperformed its sector by 14.47%. Additionally, it opened with a substantial gain of 15.53% and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a noted decline in investor participation, with delivery volume falling by 5.07% against the 5-day average, indicating some potential concerns regarding sustained interest in the stock.
In the broader market context, Saffron Industries has shown impressive returns, with a 1-week increase of 26.98% compared to the Sensex's 1.61% rise, and a remarkable 1-month return of 98.12% against the Sensex's 1.27%. Year-to-date, the stock has risen by 80.86%, significantly outperforming the Sensex's 5.91% increase. This strong performance suggests that investor sentiment remains positive despite the recent drop in trading volume, indicating that the stock's upward trajectory is likely driven by strong fundamentals and market interest.