Why is Chandni Machines falling/rising?

As of 11-Nov, Chandni Machines Ltd is experiencing a significant rise in its stock price, currently at Rs. 110.37, reflecting an increase of Rs. 5.25 or 4.99%. The stock has reached a new 52-week and all-time high today, having gained 222.06% over the last 18 days. It opened with a gap up of 4.99% and has maintained this price throughout the trading session. Additionally, the stock has outperformed its sector by 3.85%. Over various time frames, the stock has shown impressive returns, including a 208.12% increase over the past month and a staggering 410.97% over the last three years. However, there has been a slight decline in investor participation, with delivery volume decreasing by 2.19% against the five-day average, which may indicate a potential concern for future momentum. In the broader market context, Chandni Machines' short-term performance is notably strong compared to the benchmark Sensex, which has only increased by 0.49% over the past week. This stark contrast highlights the stock's exceptional performance relative to the overall market. Year-to-date, Chandni Machines has returned 89.15%, significantly outperforming the Sensex's 7.34% increase, further emphasizing its strong position in the market. The liquidity of the stock remains adequate for trading, which supports its current upward trend despite the recent decline in delivery volume.