Why is Sarthak Industri falling/rising?

As of 23-Oct, Sarthak Industries Ltd is experiencing a price increase, with its current price at 38.20, reflecting a change of 0.6 or 1.6% upward. The stock has been on a positive trajectory, gaining for the last five days and achieving a total return of 10.18% during this period. Additionally, the stock has outperformed its sector by 2%. Over the past week, it has shown a remarkable return of 9.93%, while its year-to-date performance stands at an impressive 27.76%. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 47.19% against the five-day average, which could indicate a potential concern for sustained momentum.
In the broader market context, Sarthak Industries' recent performance has significantly outpaced the Sensex, which has only increased by 1.30% over the past week. This strong relative performance highlights the stock's resilience and attractiveness compared to the benchmark. Despite the recent gains, the stock's moving averages indicate mixed signals, being higher than the 5-day, 20-day, and 200-day averages but lower than the 50-day and 100-day averages. This suggests that while the stock is currently trending upward, there may be resistance at higher levels, and the decline in delivery volume could pose a risk to its upward trajectory moving forward.