Why is Sunlite Recycli. falling/rising?

As of 22-Sep, Sunlite Recycling Industries Ltd is experiencing a price increase, currently at Rs 188.50, which reflects a rise of 4.0 or 2.17%. The stock has shown strong performance over the past month, with a return of 23.20%, significantly outperforming the Sensex, which only gained 1.34%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 76.82% compared to the 5-day average, which could raise concerns about sustainability of the current price movement.
In the broader market context, while Sunlite Recycling's recent performance has been strong, it has underperformed the Sensex over the past week, with a decline of 1.31% compared to the benchmark's gain of 0.53%. Despite this short-term underperformance, the stock's year-to-date return of 24.83% is significantly higher than the Sensex's 6.59%, indicating a robust long-term outlook. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, which supports ongoing trading activity despite the recent drop in delivery volume.