Why is Anuh Pharma falling/rising?

As of 24-Oct, Anuh Pharma Ltd's stock price is currently at Rs 87.15, reflecting an increase of Rs 3.65 or 4.37%. The stock has been on a positive trajectory, gaining for the last six days and achieving a total return of 10.55% during this period. It outperformed its sector by 4.76% today and reached an intraday high of Rs 89, which is a 6.59% increase. Additionally, the stock's performance over the past week shows a significant rise of 9.58%, although it has underperformed on a year-to-date basis with a decline of 22.79%. There is a notable increase in investor participation, with delivery volume rising by 100.86% compared to the five-day average, indicating heightened interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 0.31% over the past week, Anuh Pharma's strong performance highlights its relative strength in the market. While the stock has shown positive short-term returns, it still lags behind the benchmark on a year-to-date basis, where the Sensex has gained 7.77%. The stock's moving averages indicate a mixed trend, being higher than the 5-day, 20-day, and 50-day averages but lower than the 100-day and 200-day averages, suggesting potential volatility ahead. Overall, the recent gains can be attributed to increased investor interest and positive short-term performance, despite the longer-term challenges reflected in its year-to-date performance.