Why is Solarium Green falling/rising?

As of 26-Jun, Solarium Green Energy Ltd is experiencing a price increase, currently at Rs 471.00, which reflects a rise of 2.0 (0.43%). The stock has been on an upward trend, gaining for the last eight days and achieving a total return of 18.33% during this period. It is also close to its 52-week high, just 1.91% away from Rs 480. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a slight decline in investor participation, with delivery volume decreasing by 4.19% against the 5-day average, which may suggest a cautious sentiment among some investors.
In the broader market context, Solarium Green's performance over the past week shows a return of 6.44%, significantly outperforming the Sensex, which gained 2.94% in the same period. Over the past month, the stock has surged by 43.60%, while the Sensex has only increased by 1.92%. This strong relative performance indicates that investor interest in Solarium Green is robust, despite the recent dip in delivery volume. Overall, the stock's rising price can be attributed to its consistent gains and favorable technical indicators, even as some caution is reflected in reduced trading volume.