Why is Bilcare falling/rising?

As of 24-Oct, Bilcare Ltd's stock price is currently at 108.12, reflecting an increase of 7.65 or 7.61%. The stock has recently hit a new 52-week high of Rs. 110.51 and has outperformed its sector by 5.79%. Over the past three days, the stock has gained 19.4%, indicating strong momentum. Additionally, Bilcare has shown impressive returns over various periods, including a year-to-date increase of 64.89% and a one-year rise of 88.36%. However, there has been a notable decline in investor participation, with delivery volume falling by 39.15% against the five-day average, which could indicate some caution among investors despite the positive price movement.
Broader market context shows that while Bilcare has performed exceptionally well, with a one-week return of 16.41% compared to the Sensex's modest increase of 0.31%, the overall market remains relatively stable. This strong outperformance suggests that Bilcare's recent gains are driven by company-specific factors rather than broader market trends. The high volatility observed today, with an intraday fluctuation of 5.44%, further emphasizes the dynamic trading environment surrounding the stock, which is trading above all major moving averages, indicating bullish sentiment among traders.