Why is Yash Optics falling/rising?

As of 28-Aug, Yash Optics & Lens Ltd is experiencing a significant rise in its stock price, currently at Rs. 129.90, reflecting an increase of Rs. 14.9 or 12.96%. The stock has recently hit a new 52-week high of Rs. 138 and has outperformed its sector by 12.27%. Additionally, Yash Optics has shown strong performance over various periods, with a 1-week return of +13.50% and a year-to-date return of +49.31%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 85.44% against the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, Yash Optics' recent performance stands in stark contrast to the benchmark Sensex, which has seen a decline of 2.32% over the past week. This indicates that while the stock is gaining traction, the overall market sentiment may not be as favorable. The stock's liquidity remains adequate for trading, suggesting that despite the drop in delivery volume, there is still sufficient interest in the stock. Overall, the combination of strong price movement and outperformance against the sector, alongside the contrasting performance of the benchmark, highlights a positive outlook for Yash Optics amidst a challenging market environment.