Why is Bhatia Colour falling/rising?

As of 18-Sep, Bhatia Colour Chem Ltd's stock price is rising, currently at Rs. 397.00, reflecting an increase of Rs. 17.0 or 4.47%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last seven days, accumulating a total return of 25.87% during this period. Additionally, the stock has outperformed its sector by 4.97% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 44.56% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Bhatia Colour Chem Ltd has significantly outperformed the benchmark Sensex over various time frames, with a 1-week return of 23.29% compared to the Sensex's 1.80%, and a year-to-date return of 64.19% versus the Sensex's 6.24%. This strong performance indicates that investor sentiment towards the stock is robust, particularly in light of its recent gains and liquidity, which is sufficient for trading activities. Overall, the combination of positive stock-specific factors and favorable comparisons to the broader market contributes to the rising price of Bhatia Colour Chem Ltd.