Why is SER Industries falling/rising?

As of 15-Oct, SER Industries Ltd is experiencing a price increase, currently at 378.80, which reflects a rise of 7.4 or 1.99%. The stock has shown significant performance, gaining 51.31% over the past month and outperforming its sector by 1.42% today. It has also reached a new 52-week and all-time high of Rs. 378.8. The stock has been on a consecutive gain streak for the last 21 days, indicating strong upward momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 99.3% against the 5-day average, which could suggest a potential concern regarding sustainability of the price increase.
Broader Market Context: In the context of the broader market, SER Industries has outperformed the Sensex, which only increased by 1.02% over the past week. This strong performance relative to the benchmark highlights the stock's robust demand and investor confidence, despite the recent drop in trading volume. The stock's ability to maintain trading above all key moving averages further supports its upward trajectory, indicating a favorable technical outlook. Overall, while the stock is rising, the significant drop in delivery volume may warrant caution for investors regarding future price stability.