Why is Sancode Tech. falling/rising?

As of 24-Sep, Sancode Technologies Ltd is experiencing a price increase, currently at Rs. 134.95, reflecting a rise of 2.6 or 1.96%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 2.62%. Over the past week, Sancode has shown a strong performance with an 8.09% increase, and it has delivered an impressive 98.75% return over the past year, significantly outperforming the broader market, which has seen a decline of 3.77%. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 89.8% compared to the 5-day average, indicating potential volatility in trading activity.
Broader Market Context: In the context of the overall market, Sancode Technologies has outperformed the benchmark, with a notable 18.38% increase over the past month compared to a modest 0.50% rise in the Sensex. Despite the broader market's negative performance over the last year, Sancode's ability to generate substantial returns highlights its strong market position. The stock's consistent trading above its moving averages further supports its upward momentum, although the erratic trading pattern and reduced investor participation may pose risks moving forward.