Why is Veljan Denison falling/rising?

As of 06-Oct, Veljan Denison Ltd's stock price is rising, currently at 1,270.00, reflecting an increase of 67.8 points or 5.64%. The stock has shown strong performance today, outperforming its sector by 6.07% and has been on a consecutive gain streak for the last three days, accumulating a total return of 10.78% during this period. It opened with a significant gap up of 11.88% and reached an intraday high of Rs 1,345. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 10.51% and 5.30%, respectively. However, it is important to note that there is a decline in investor participation, with delivery volume dropping by 17.96% against the 5-day average, which may indicate some caution among investors.
Broader Market Context: In the context of the broader market, Veljan Denison's short-term performance has significantly outpaced the Sensex, which has only gained 1.77% over the past week and 1.34% over the past month. This strong relative performance suggests that the stock is attracting positive attention despite its longer-term struggles, as evidenced by its 1-year return of -18.48% compared to the Sensex's slight gain of 0.12%. The stock's ability to trade above all key moving averages indicates a bullish trend, although the falling investor participation could pose a risk to sustaining this upward momentum.