Why is Sunita Tools Ltd falling/rising?

As of 01-October, Sunita Tools Ltd is experiencing a rise in its stock price, currently at Rs 922.95, reflecting an increase of Rs 43.95 or 5.0%. The stock has shown strong performance, gaining 28.6% over the last six days and outperforming its sector by 3.97% today. Additionally, it has opened with a gain of 5% and reached an intraday high of Rs 922.95. The stock's performance over various periods is impressive, with a 1-month return of 37.34% and a 1-year return of 52.73%, significantly outpacing the Sensex, which has seen a decline of 3.90% over the same period. However, there has been a notable decrease in investor participation, with delivery volume falling by 77.87% against the 5-day average, indicating a potential concern for future trading activity.
In the broader market context, Sunita Tools Ltd's recent performance contrasts sharply with the Sensex, which has declined by 0.90% over the past week. This divergence highlights the stock's strong momentum in a generally weak market environment. While the stock is trading above all its moving averages, suggesting a bullish trend, the drop in delivery volume may raise questions about sustainability. Overall, the stock's rise can be attributed to its robust short-term performance and positive returns compared to the benchmark, despite the declining investor participation.