Why is Choksi Asia falling/rising?

As of 18-Nov, Choksi Asia Ltd is experiencing a price increase, with its current price at Rs 118.45, reflecting a rise of Rs 5.6 or 4.96%. The stock has shown strong performance recently, gaining 10.19% over the last two days and outperforming its sector by 5.59% today. It opened with a gain of 4.56% and reached an intraday high of Rs 118.45. Additionally, Choksi Asia has demonstrated impressive returns over various periods, including a 68.01% increase over the past year and a staggering 679.79% over the last five years. The stock is also trading above its moving averages across multiple time frames, indicating a positive trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 369.75% compared to the five-day average, suggesting heightened interest in the stock.
In the broader market context, Choksi Asia's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.96% over the past week while Choksi Asia has risen by 13.89%. This stark contrast highlights the stock's strong momentum relative to the overall market. The stock's liquidity is also favorable, as it is liquid enough for trading, which may contribute to its rising price. Overall, the combination of strong recent performance, increased investor interest, and favorable trading conditions has contributed to the upward movement of Choksi Asia's stock price.