Why is Chemo Pharma Lab falling/rising?

As of 31-Oct, Chemo Pharma Laboratories Ltd is experiencing a price increase, currently at Rs 129.00, which reflects a rise of Rs 12.65 or 10.87%. The stock has shown strong performance today, outperforming its sector by 11.51%. It reached an intraday high of Rs 134.95, indicating significant investor interest. The stock has also demonstrated high volatility with an intraday volatility of 7.98%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. The stock's year-to-date return stands at 17.44%, significantly outperforming the Sensex, which has returned 7.42% during the same period.
In the broader market context, Chemo Pharma's short-term return of 3.86% over the past week contrasts with the Sensex's decline of 0.32%, highlighting the stock's resilience amid a challenging market environment. The stock has also shown impressive long-term performance, with a 239.47% increase over the past three years compared to the Sensex's 38.18%. This strong performance, coupled with rising investor participation—evidenced by a 167.94% increase in delivery volume—indicates a growing confidence among investors in Chemo Pharma Laboratories Ltd, further contributing to its rising stock price.