Why is Chemo Pharma Lab falling/rising?

As of 22-Jul, Chemo Pharma Laboratories Ltd's stock price is rising, currently at 138.35, reflecting an increase of 10.45 or 8.17%. The stock has shown strong performance today, outperforming its sector by 7.86% and has been on a consecutive gain for the last two days, with a total return of 13.49% during this period. The stock reached an intraday high of Rs 139.05 and has demonstrated high volatility with an intraday volatility of 8.61%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The delivery volume has also increased significantly, rising by 130.2% against the 5-day average, suggesting rising investor participation. There are no positive or negative dashboard factors available to further explain the stock's recent movement.
Broader market context indicates that Chemo Pharma Laboratories Ltd has significantly outperformed the benchmark Sensex over various periods. In the past week, the stock has risen by 13.17%, while the Sensex has declined by 0.47%. Over the past month, the stock has increased by 17.69%, compared to a slight decrease of 0.27% in the Sensex. Year-to-date, Chemo Pharma has gained 25.96%, while the Sensex has only increased by 5.18%. This consistent outperformance highlights the stock's strong momentum relative to the broader market, contributing to its rising price.