Why is Swadeshi Inds falling/rising?

As of 24-Jun, Swadeshi Industries & Leasing Ltd's stock price is currently at Rs. 21.66, reflecting an increase of 0.42 (1.98%). The stock has recently hit a new 52-week high and has been on a positive trajectory, gaining for the last 21 days with a total return of 50.63% during this period. It has significantly outperformed its sector by 2.29% today and boasts impressive returns over the past year at 837.66%, far exceeding the market's performance. However, there is a notable decline in investor participation, as the delivery volume has dropped by 92.12% compared to the 5-day average, which may raise concerns about the sustainability of this upward trend. The stock's attractive valuation, indicated by a 2.6 Price to Book Value and a return on equity of 11.4, supports its recent gains.
In the broader market context, Swadeshi Industries has outperformed the benchmark, with a 1-week return of 10.29% compared to the Sensex's 0.58%. This strong performance is indicative of the stock's market-beating capabilities, particularly given its substantial year-over-year return. Despite the recent drop in delivery volumes, the stock's liquidity remains sufficient for trading, suggesting that while there may be some caution among investors, the overall market sentiment towards Swadeshi Industries remains positive.