Why is Solarium Green falling/rising?

As of 24-Jun, Solarium Green Energy Ltd's stock price is rising, currently at Rs. 462.50, reflecting an increase of Rs. 8.5 or 1.87%. The stock has reached a new 52-week and all-time high of Rs. 464.5 today, and it has outperformed its sector by 5.12%. Over the past six days, the stock has gained 16.19%, and it is trading above all key moving averages, indicating strong upward momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 37.14% compared to the five-day average, which could suggest a potential concern for future sustainability of the price increase.
In the broader market context, Solarium Green's performance over the past week shows a return of 10.66%, significantly outperforming the Sensex, which only increased by 0.58%. Over the past month, the stock has surged by 46.13%, while the benchmark has seen a modest rise of 0.41%. Despite the positive short-term performance, the renewable energy sector overall has experienced a decline of 3.22%, which may impact investor sentiment. The liquidity of the stock remains adequate for trading, but the drop in delivery volume could indicate caution among investors moving forward.