Why is Sh. Ajit Pulp falling/rising?

As of 20-Oct, Shree Ajit Pulp and Paper Ltd's stock price is rising, currently at Rs 260.00, reflecting an increase of Rs 6.25 or 2.46%. The stock has shown strong performance recently, gaining 7.15% over the last two days and is currently trading close to its 52-week high, just 2.27% away from Rs 265.9. Additionally, the stock has outperformed its sector by 1.68% today and is trading above all key moving averages, indicating a positive trend. However, it is noteworthy that investor participation has decreased, with delivery volume falling by 38.01% compared to the five-day average, which may raise concerns about sustainability in the stock's upward movement.
Broader market context shows that Shree Ajit Pulp and Paper Ltd has outperformed the Sensex in the short term, with a 1-week return of 2.58% compared to the benchmark's 2.47%. Over the past month, the stock has also significantly outperformed the Sensex, achieving an 8.33% return against the benchmark's 2.10%. This indicates that while the stock is experiencing positive momentum, the broader market is also performing well, contributing to the stock's rise. The overall market sentiment appears favorable, supporting the stock's upward trajectory despite the noted decline in investor participation.