Why is Sunlite Recycli. falling/rising?

As of 18-Sep, Sunlite Recycling Industries Ltd is experiencing a price increase, currently at Rs 190.00, reflecting a rise of 1.55 (0.82%). The stock has shown strong performance recently, with a 1-week return of +14.46% and a 1-month return of +27.56%, significantly outperforming the Sensex, which has only increased by +1.67% and +2.20% over the same periods, respectively. Additionally, the stock is trading above all its moving averages, indicating a bullish trend. However, there is a notable decline in investor participation, as the delivery volume has decreased by -61.27% compared to the 5-day average, which may suggest some caution among investors despite the positive price movement.
Broader Market Context: The broader market context shows that while Sunlite Recycling has outperformed the Sensex in recent weeks, the overall market has seen modest gains. The stock's year-to-date return of +25.83% also surpasses the Sensex's +7.52%, indicating strong relative strength. Despite the positive momentum, the significant drop in delivery volume could raise concerns about sustainability in the stock's upward trajectory, as lower participation might indicate a lack of confidence among investors.