Why is Surbhi Industrie falling/rising?

As of 05-Jun, Surbhi Industries Ltd is currently priced at Rs. 11.59, showing no change (0.00%). The stock has recently hit a new 52-week high today and has outperformed its sector by 4.63%. Over the past week, the stock has increased by 4.98%, and it has shown significant growth over the past month with a return of 15.67%. Year-to-date, the stock has risen by 62.10%, and over the past year, it has surged by 162.22%. However, there has been erratic trading, as the stock did not trade on 5 out of the last 20 days, and delivery volume has fallen significantly, indicating a decline in investor participation. The stock is currently trading above all its moving averages, which is a positive indicator.
In the broader market context, while Surbhi Industries has shown strong short-term returns, the benchmark Sensex has experienced a slight decline of 0.23% over the past week. This contrast highlights the stock's robust performance relative to the market. Despite the positive returns, the falling investor participation could pose a risk to the stock's momentum moving forward. Overall, the combination of hitting a new high and strong returns suggests a positive sentiment around Surbhi Industries, even as some caution is warranted due to the declining trading activity.