Why is Thyrocare Tech. falling/rising?

As of 06-Aug, Thyrocare Technologies Ltd is experiencing a price increase, with the current price at Rs 1,330.25, reflecting a rise of Rs 11.35 or 0.86%. The stock has shown strong performance, with a 1-week return of +2.86% and a remarkable 1-month return of +31.58%. Today, it outperformed its sector by 1.87% and reached an intraday high of Rs 1,373.45, which is only 3.36% away from its 52-week high of Rs 1,375. Additionally, the stock is 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 50.77% compared to the 5-day average, which may suggest a cautious sentiment among investors.
In the broader market context, Thyrocare's recent performance stands in stark contrast to the benchmark Sensex, which has declined by 1.15% over the past week. This indicates that Thyrocare is not only performing well relative to its historical returns, with a year-to-date increase of +45.75% compared to the Sensex's +3.08%, but also demonstrates resilience in a generally declining market. The liquidity of the stock remains adequate for trading, which supports its upward movement despite the drop in delivery volume. Overall, the combination of strong stock performance metrics and the contrasting performance against the benchmark suggests that Thyrocare Technologies Ltd is currently benefiting from positive investor sentiment, even as broader market conditions appear challenging.