Why is Chemo Pharma Lab falling/rising?

As of 09-Jul, Chemo Pharma Laboratories Ltd is experiencing a price increase, currently at Rs 130.10, which reflects a rise of Rs 6.15 or 4.96%. The stock has been on an upward trend, gaining for the last three days with a total return of 15.7% during this period. It opened today with a gain of 4.96% and reached an intraday high of Rs 130.1. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume falling by 35.53% compared to the 5-day average. The stock is trading above its moving averages across various time frames, indicating a strong upward momentum. However, the absence of specific positive or negative factors in the dashboard limits a more detailed analysis of the influences on the stock's movement.
Broader market context shows that Chemo Pharma Laboratories Ltd has significantly outperformed the benchmark Sensex, with a 1-week return of 13.43% compared to the Sensex's mere 0.15%. Over the year, the stock has achieved a remarkable return of 114.23%, while the Sensex has only increased by 3.96%. This substantial outperformance highlights the stock's strong position in the market, contributing to its rising price. Overall, the combination of recent gains, strong historical performance, and relative outperformance against the benchmark suggests a positive sentiment surrounding Chemo Pharma Laboratories Ltd, despite the recent drop in investor participation.