Why is Yash Optics falling/rising?

As of 16-Sep, Yash Optics & Lens Ltd is experiencing a price increase, with the current price at Rs. 147.95, reflecting a rise of 6.15 (4.34%). The stock has recently hit a new 52-week and all-time high of Rs. 148.85, indicating strong upward momentum. It has outperformed its sector by 4.38% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 46.11% against the 5-day average, which could indicate a potential concern for sustained interest. The stock has shown impressive returns over various periods, including a 47.51% increase over the past month and a 70.06% rise year-to-date, significantly outperforming the Sensex during the same time frames.
In the broader market context, Yash Optics' short-term performance has been robust, with a 7.80% increase over the past week compared to the Sensex's 1.49% gain, highlighting its strong relative strength. Over the past month, the stock's 47.51% return also far exceeds the Sensex's 2.47% increase, reinforcing its positive momentum in the market. Despite the decline in delivery volume, the overall liquidity remains sufficient for trading, which may support continued interest from investors. The combination of strong price performance and relative outperformance against the benchmark suggests that Yash Optics is currently in a favorable position, although the drop in investor participation could warrant monitoring for future trends.