Why is Voler Car falling/rising?

As of 19-Sep, Voler Car Ltd's stock price is currently at 226.95, reflecting a rise of 19.1 or 9.19%. The stock has recently hit a new 52-week and all-time high of Rs. 214.5, indicating strong upward momentum. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 81.4% compared to the 5-day average, which may raise concerns about the sustainability of this price increase. The stock has shown a strong performance over the past week and month, with returns of 9.19% and 13.93%, respectively, while the Sensex has only increased by 0.85% and 1.39% in the same periods.
In the broader market context, Voler Car's short-term performance significantly outpaces the benchmark, indicating that investor sentiment towards the stock is more favorable compared to the overall market. The stock's liquidity remains adequate for trading, which is a positive sign for potential investors. However, the falling investor participation could be a warning signal that the current price rise may not be fully supported by strong buying interest. Overall, while the stock is experiencing a notable rise, the decline in delivery volume suggests caution moving forward.