Why is Chemo Pharma Lab falling/rising?

As of 21-Jul, Chemo Pharma Laboratories Ltd is experiencing a price increase, currently at Rs 127.90, reflecting a rise of 6.0 or 4.92%. The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 5.89%. It opened with a significant gain of 4.92% and reached an intraday high of Rs 127.90. Over the past week, the stock has risen by 4.03%, and it has demonstrated strong performance over longer periods, with a year-to-date increase of 16.44% and an impressive 103.02% rise over the past year. However, there has been a notable decline in investor participation, with delivery volume dropping by 86.37% against the 5-day average, which may indicate some caution among investors despite the current price increase.
Broader market context shows that while Chemo Pharma Laboratories Ltd has outperformed the Sensex, which has seen a slight decline of 0.06% over the past week, the stock's strong returns over various periods highlight its resilience. The stock has consistently traded above its moving averages, indicating a bullish trend. However, the high volatility observed today, with an intraday fluctuation of 5.72%, suggests that market conditions are uncertain, contributing to the stock's price movement. Overall, while the stock is rising, the falling investor participation and high volatility may pose challenges moving forward.