Why is Sunlite falling/rising?

As of 24-Jun, Sunlite Recycling Industries Ltd is experiencing a price increase, currently at 176.90, reflecting a rise of 5.9 or 3.45%. The stock has shown strong performance, outperforming its sector by 2.61% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 5.39%, and over the past month, it has surged by 29.60%, significantly outperforming the Sensex, which has only increased by 0.77% in the same period. However, there has been a decline in investor participation, with delivery volume dropping by 28.57% compared to the 5-day average, which could be a concern for future momentum.
In the broader market context, Sunlite's short-term returns have outpaced the Sensex, suggesting that the stock is gaining traction relative to the overall market. The stock's year-to-date performance of 17.15% also surpasses the Sensex's 5.92%, indicating a strong position in the market. Despite the positive price movement, the decrease in delivery volume may signal a potential slowdown in buying interest, which could affect future price stability. Overall, while the stock is currently rising, the falling investor participation could warrant caution moving forward.