Why is SER Industries falling/rising?

As of 11-Nov, SER Industries Ltd is experiencing a price increase, currently at Rs. 451.60, which reflects a rise of 8.85 or 2.0%. The stock has recently reached a new 52-week and all-time high of Rs. 451.60 today. It has outperformed its sector by 1.77% and has shown a consecutive gain over the last five days, accumulating a total return of 10.38% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 98.32% compared to the 5-day average, which may raise concerns about the sustainability of this price movement.
In the broader market context, SER Industries has significantly outperformed the Sensex over the past week, with a return of 8.22% compared to the benchmark's 0.49%. Over the past month, the stock has also shown a robust return of 26.48%, while the Sensex has only increased by 1.66%. This strong performance relative to the benchmark suggests that investor sentiment towards SER Industries remains positive, despite the recent drop in delivery volume. The liquidity of the stock remains adequate for trading, further supporting its price rise.