Why is Choksi Laborator falling/rising?

As of 17-Nov, Choksi Laboratories Ltd's stock price is currently at Rs 142.90, reflecting an increase of Rs 2.85 or 2.03%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 15.43% during this period. It opened with a significant gain of 5.68% today and reached an intraday high of Rs 148. However, despite this positive movement, the stock has underperformed its sector by 0.39%. In terms of longer-term performance, the stock has shown impressive returns, with a year-to-date increase of 90.36% and a one-year increase of 129.89%. Notably, there has been a significant drop in investor participation, with delivery volume falling by 96.12% compared to the five-day average, which may indicate a lack of sustained interest despite recent gains.
Broader Market Context: In comparison to the benchmark Sensex, which has risen by 1.69% over the past week, Choksi Laboratories Ltd has outperformed with a weekly return of 4.92%. However, over the past month, the stock has declined by 12.39%, while the Sensex has increased by 1.19%. This divergence highlights the stock's volatility and the challenges it faces in maintaining momentum amidst fluctuating investor interest. The broader Hospital & Healthcare Services sector has gained by 2.56%, which may provide some context for the stock's recent performance, but the significant drop in delivery volume suggests that caution among investors could be impacting the stock's ability to sustain its upward trajectory.