Why is Saffron Industri falling/rising?

As of 06-Oct, Saffron Industries Ltd is experiencing a price increase, currently at Rs. 35.87, which reflects a rise of 1.7 or 4.98%. The stock has recently hit a new 52-week and all-time high today, and it has outperformed its sector by 6.58%. Over the last four days, the stock has shown a remarkable gain of 21.47%, and it opened with a gain of 4.98% today. Additionally, Saffron Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 83.86% against the 5-day average, indicating a potential concern for future trading activity.
In the broader market context, Saffron Industries has significantly outperformed the Sensex, with a 1-week return of 21.47% compared to the Sensex's 1.77% and a year-to-date return of 412.43% against the Sensex's 4.67%. This stark contrast highlights the stock's strong performance relative to the market. Despite the recent gains, the falling investor participation may pose a risk to sustaining this upward momentum, as liquidity remains adequate for trading. Overall, the combination of strong short-term performance and recent highs suggests a bullish sentiment around Saffron Industries, although the drop in delivery volume could be a factor to monitor moving forward.