Why is Shri Ahimsa falling/rising?

As of 23-Jul, Shri Ahimsa Naturals Ltd is experiencing a rise in its stock price, currently at Rs. 189.15, which reflects an increase of Rs. 14.2 or 8.12%. The stock has recently hit a new 52-week and all-time high of Rs. 192.5 today, indicating strong upward momentum. It has outperformed its sector by 8.43% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 84.38% compared to the 5-day average, which could indicate a potential concern for sustained interest in the stock.
In the broader market context, Shri Ahimsa's performance over the past week shows a return of +11.92%, significantly outperforming the Sensex, which has only increased by 0.03%. Over the past month, the stock has gained +21.76%, again surpassing the Sensex's +0.99% increase. This strong performance relative to the benchmark highlights the stock's robust appeal in the current market environment, despite the recent drop in delivery volume. Overall, the combination of hitting new highs and strong short-term returns against the benchmark contributes to the stock's rising price.