Why is Shree Bhavya falling/rising?

As of 05-Aug, Shree Bhavya Fabrics Ltd's stock price is currently at Rs. 29.34, reflecting an increase of Rs. 0.46 or 1.59%. The stock has recently hit a new 52-week high of Rs. 33.55 and has outperformed its sector by 2.02%. Over the past two days, the stock has gained 3.06%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 73% compared to the 5-day average, which may indicate a potential concern regarding sustained interest in the stock.
In the broader market context, Shree Bhavya Fabrics has shown strong performance relative to the benchmark, with a 1-week return of +4.30% compared to the Sensex's -0.77%. Over the past month, the stock has increased by 13.28%, while the benchmark has decreased by 3.26%. This indicates that despite the overall market challenges, Shree Bhavya Fabrics is experiencing positive momentum, driven by its recent gains and strong historical performance over 1 year (+23.54%) and 3 years (+150.98%). However, the significant drop in delivery volume could suggest caution among investors, which may impact future price movements.