Why is UPL PP falling/rising?

As of 28-Jul, UPL Ltd Partly Paidup is experiencing a price increase, currently at 531.20, reflecting a rise of 34.95 or 7.04%. The stock has recently hit a new 52-week and all-time high of Rs. 544.8, indicating strong upward momentum. Over the past week, the stock has outperformed the sector by 6.82% and has shown impressive returns of +27.43% over the past month and +136.25% year-to-date. However, there has been a notable decline in investor participation, with delivery volume falling by 47.47% against the 5-day average, which may indicate some caution among investors despite the positive price movement.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.59% over the past week and 3.77% over the past month, UPL Ltd Partly Paidup's performance stands out significantly. The stock's strong returns highlight its resilience and attractiveness to investors, especially given the broader market's struggles. The liquidity of the stock remains adequate for trading, suggesting that while there may be some concerns regarding investor participation, the overall demand for UPL Ltd Partly Paidup shares continues to drive its price higher.