Why is Sharpline Broadc falling/rising?

As of 22-Sep, Sharpline Broadcast Ltd's stock price is currently at Rs 14.64, reflecting an increase of Rs 0.24 or 1.67%. The stock has recently hit a new 52-week high of Rs 15.8 and has outperformed its sector by 1.45%. Over the last two days, it has gained 3.76%, and its performance over the past month shows a return of 3.24%. However, there has been a notable decline in investor participation, with delivery volume dropping by 67.34% compared to the 5-day average. Despite this, the company has reported positive financial results, with net sales growing significantly and a higher profit after tax over the last six months, contributing to the stock's upward movement.
In the broader market context, Sharpline Broadcast Ltd has outperformed the benchmark Sensex, which has seen a return of only 0.46% over the past week, while the stock has gained 0.41%. Over the past year, while the Sensex has declined by 2.82%, Sharpline has achieved an impressive return of 84.15%. This strong performance is particularly notable given the overall negative returns of the BSE500 index, which has decreased by 3.80% in the same timeframe. The stock's ability to generate substantial returns despite a backdrop of market decline indicates strong investor confidence, although the falling delivery volume may suggest caution among some investors.