Why is Srigee DLM falling/rising?

As of 07-Jul, Srigee DLM Ltd is experiencing a price increase, currently at Rs 301.70, reflecting a rise of Rs 14.35 or 4.99%. The stock has shown strong performance today, outperforming its sector by 3.64% and has been on a consecutive gain streak for the last three days, accumulating a total return of 16.87% during this period. It opened with a gain of 4.99% and reached an intraday high of Rs 301.70. Additionally, the stock 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 77.15% against the 5-day average, indicating a potential concern for future trading activity.
In the broader market context, Srigee DLM's short-term return over the past week is +10.45%, significantly outperforming the benchmark Sensex, which has seen a slight decline of 0.20% during the same period. While the stock has shown positive momentum recently, the decline in delivery volume may suggest a lack of sustained investor interest, which could impact future price movements. Overall, the stock's recent rise can be attributed to its strong performance relative to both its sector and the benchmark, despite the concerning drop in investor participation.