Why is Saffron Industri falling/rising?

As of 21-Aug, Saffron Industries Ltd's stock price is rising, currently at Rs. 29.53, reflecting an increase of Rs. 0.57 or 1.97%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 18 days, resulting in a remarkable 42.24% return during this period. Additionally, the stock has significantly outperformed the sector by 1.93%. Over the past week, Saffron Industries has shown a return of 8.13%, and its year-to-date performance stands at an impressive 321.86%, indicating strong momentum. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 40.28% against the 5-day average, which may suggest a potential concern regarding sustained interest.
Broader market context indicates that while Saffron Industries has been performing exceptionally well, the benchmark Sensex has only increased by 1.74% over the past week and has shown a year-to-date return of just 4.94%. This stark contrast highlights the stock's strong relative performance in the market. Despite the positive price movements, the reduced delivery volume could imply that the recent gains may not be fully supported by robust trading activity, which could be a factor to watch moving forward. Overall, the stock's rise is primarily driven by its strong performance metrics and positive market sentiment, despite some signs of declining investor engagement.