Why is SER Industries falling/rising?

As of 24-Oct, SER Industries Ltd is experiencing a price increase, with its current price at Rs. 426.40, reflecting a rise of Rs. 8.35 or 2.0%. 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 21 days, accumulating a remarkable 51.29% return during this period. Additionally, the stock has outperformed its sector by 2.49% today and opened with a gain of 2%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has decreased by 97.6% compared to the 5-day average, which may indicate a potential concern regarding sustained interest in the stock.
In the broader market context, SER Industries has significantly outperformed the benchmark Sensex over the past week, with a return of 8.21% compared to the Sensex's 0.31%. Over the past month, the stock has surged by 48.34%, while the Sensex has only increased by 3.05%. This strong performance relative to the benchmark highlights the stock's robust momentum in the short term, despite the drop in delivery volume suggesting a potential caution among investors. Overall, the combination of reaching new highs and strong short-term returns against the benchmark supports the stock's rising trend.