Why is UPL PP falling/rising?

As of 15-Jul, UPL Ltd Partly Paidup is experiencing a price increase, currently at Rs 454.50, which reflects a rise of Rs 12.5 or 2.83%. The stock has shown strong performance recently, gaining 4.69% over the last two days and outperforming its sector by 0.47%. It is also trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a positive trend. Furthermore, the stock is close to its 52-week high, being only 4.51% away from Rs 475. However, there has been a significant drop in investor participation, with delivery volume falling by 81.86% compared to the 5-day average, which could be a concern for future price stability.
In the broader market context, UPL's short-term return of 1.09% over the past week contrasts sharply with the Sensex, which has declined by 1.36% during the same period. Over the past month, UPL has outperformed the benchmark significantly, with a return of 12.18% compared to the Sensex's 1.79%. This strong performance relative to the market suggests that UPL is gaining investor confidence, particularly in the context of a sector that has also seen gains of 2.27%. Overall, while the stock is rising, the decline in delivery volume may indicate a potential risk that could affect its upward momentum in the future.