Why is Shalimar Agencie falling/rising?

As of 16-Jul, Shalimar Agencies Ltd's stock price is rising, currently at Rs. 35.17, reflecting an increase of Rs. 0.68 or 1.97%. The stock has recently reached a new 52-week high and has been on an upward trend, gaining for the last 11 consecutive days with a total return of 24.1% during this period. Additionally, the stock has outperformed its sector by 2.2%. Over the past year, it has generated an impressive return of 685.75%, significantly higher than the broader market's return of 2.38%. Positive quarterly results have also contributed to this momentum, with the company reporting its highest PBDIT, PBT, and PAT figures.
In the broader market context, while Shalimar Agencies has shown remarkable short-term performance, the benchmark index, Sensex, has experienced a decline of 1.08% over the past week. This stark contrast highlights the stock's strong relative performance. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 97.4% against the 5-day average, which could indicate potential concerns about sustainability in the stock's upward movement. Despite this, the liquidity remains adequate for trading, suggesting that the stock is still accessible for investors.