Why is Sobhagya Mercant falling/rising?

As of 05-June, Sobhagya Mercantile Ltd is experiencing a price increase, currently at Rs 467.50, reflecting a rise of Rs 9.15 or 2.0%. The stock has shown strong performance recently, gaining 8.22% over the last four days and is currently trading close to its 52-week high, just 4.29% away from Rs 487.55. It opened with a 2% gain today and has maintained this price level throughout the trading session. Additionally, the stock has demonstrated impressive returns over various periods, including a remarkable 1879.25% increase over the past year, significantly outperforming the Sensex, which has only risen by 9.49% in the same timeframe. However, there has been a notable decline in investor participation, with delivery volume dropping by 65.86% compared to the 5-day average, which could indicate a potential concern for future momentum.
In the broader market context, Sobhagya Mercantile Ltd's short-term performance is particularly strong when compared to the Sensex, which has seen a slight decline of 0.23% over the past week while the stock itself has risen by 6.06%. This stark contrast highlights the stock's robust performance relative to the market. Despite the recent gains, the falling investor participation may suggest caution among traders, which could impact future price movements. Overall, while the stock is currently rising, the decrease in trading volume could be a factor to monitor going forward.