Why is Bhatia Colour falling/rising?

As of 19-Sep, Bhatia Colour Chem Ltd is experiencing a price increase, currently at Rs. 400.00, which reflects a rise of Rs. 3.0 or 0.76%. The stock has hit a new 52-week and all-time high today, demonstrating strong performance with an 8-day consecutive gain that has resulted in a total return of 26.82% during this period. Additionally, the stock has outperformed its sector by 1.09%. It is trading above all key moving averages, indicating a strong upward trend. The rising investor participation is evident from the delivery volume, which increased by 3.15% compared to the 5-day average, suggesting growing interest in the stock.
In the broader market context, Bhatia Colour Chem Ltd has significantly outperformed the Sensex, with a 1-week return of 18.31% compared to the benchmark's 0.88%, and a year-to-date return of 65.43% against the Sensex's 5.74%. This stark contrast highlights the stock's strong momentum relative to the market. The stock's performance over the past year shows a remarkable increase of 400.00%, while the Sensex has seen a slight decline of 0.67%. Overall, these factors indicate that Bhatia Colour Chem Ltd is currently in a robust growth phase, driven by positive investor sentiment and strong trading activity.