Why is Sunlite Recycli. falling/rising?

As of 22-Jul, Sunlite Recycling Industries Ltd is experiencing a price increase, with its current price at 170.05, reflecting a rise of 3.6 or 2.16%. The stock has shown strong performance today, outperforming its sector by 2.43%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume dropping by 12.5% compared to the 5-day average. The stock has also performed well over the past month, with a return of 2.53%, and a year-to-date return of 12.62%, which is significantly higher than the Sensex's 5.99% during the same period.
In the broader market context, while Sunlite Recycling has shown a positive return in the short term, the Sensex has experienced a slight decline of 0.54% over the past week. This suggests that Sunlite's recent price increase is occurring in a challenging market environment, where the benchmark is not performing as well. The stock's ability to maintain a positive trajectory despite a decrease in investor participation and a declining benchmark indicates strong underlying demand or confidence in the company, which may be contributing to its rising price.