Why is Veekayem Fash. falling/rising?

As of 16-Oct, Veekayem Fashion & Apparels Ltd is experiencing a price increase, with its current price at 299.55, reflecting a rise of 26.6 or 9.75%. The stock has outperformed its sector by 7.56% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there is a notable decline in investor participation, as the delivery volume on 15 October fell by 52.38% compared to the 5-day average. Over the past week, the stock has gained 8.95%, while it has seen a year-to-date increase of 31.38%, contrasting with a 3.97% decline over the past month and a 3.87% drop over the past year.
In the broader market context, Veekayem's recent performance significantly outpaces the Sensex, which has only increased by 1.60% over the past week and 1.37% over the past month. This strong short-term return relative to the benchmark suggests that investor sentiment towards Veekayem is currently positive, despite the recent drop in delivery volume. The stock's impressive long-term performance, with a staggering 725.21% increase over the past three years, further reinforces its attractiveness in the market, even as it faces some short-term volatility.