Why is Suprajit Engg. falling/rising?

As of 17-Nov, Suprajit Engineering Ltd is experiencing a rise in its stock price, currently at Rs 469.45, reflecting an increase of Rs 9.3 or 2.02%. The stock has shown strong performance recently, outperforming its sector by 1.59% today and achieving a consecutive gain over the last two days with a total return of 3.31%. Additionally, Suprajit Engineering has been 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 notable decline in investor participation, with delivery volume dropping by 57.72% compared to the 5-day average, which could be a concern for future momentum.
Broader Market Context: In the short term, Suprajit Engineering has outperformed the Sensex, with a 1-week return of 7.61% compared to the Sensex's 1.69%. Over the past month, the stock has also shown a return of 5.84%, significantly higher than the Sensex's 1.19%. While the stock has performed well relative to the benchmark, the decrease in delivery volume may indicate a potential slowdown in buying interest, which could affect its upward trajectory if it continues. Overall, the stock's recent gains are supported by strong short-term performance metrics, despite the drop in investor participation.