Why is Choksi Laborator falling/rising?

As of 17-Sep, Choksi Laboratories Ltd is experiencing a price increase, currently at Rs 207.50, which reflects a rise of Rs 5.3 or 2.62%. The stock has shown a positive performance today, outperforming its sector by 2.42% and has gained consecutively over the last two days, with a total return of 6.57% during this period. The stock reached an intraday high of Rs 209.95, indicating strong upward momentum, although it also faced a low of Rs 197.05. The stock's performance over the year has been impressive, with a year-to-date increase of 176.41%, significantly outpacing the Sensex's 5.83%. Notably, there has been a substantial rise in investor participation, with delivery volume increasing by 132.11% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, while Choksi Laboratories has seen a decline of 5.45% over the past week and 2.88% over the past month, it has significantly outperformed the Sensex, which has gained 1.56% and 2.60% respectively during the same periods. This contrast highlights the stock's volatility but also its strong long-term performance, as evidenced by a remarkable 531.66% increase over the past three years compared to the Sensex's 40.54%. The liquidity of the stock remains adequate for trading, further supporting its recent price movements. Overall, the combination of strong recent gains, increased investor interest, and a solid long-term performance trajectory contributes to the stock's rising price.