Why is Clara Industries falling/rising?

As of 18-Aug, Clara Industries Ltd is experiencing a price increase, currently at Rs 39.90, which reflects a rise of 1.9 or 5.0%. The stock has shown a strong performance today, outperforming its sector by 2.22% and opening with a gain of 5%. It reached an intraday high of Rs 39.90, and its returns over the past month have been positive at +3.64%. However, there has been erratic trading, as the stock did not trade on one day out of the last twenty, and delivery volume has significantly decreased by 82.46% compared to the five-day average, indicating a potential decline in investor participation. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a generally positive trend despite the recent drop in trading activity.
In the broader market context, while Clara Industries has shown a year-to-date return of +35.25%, the benchmark Sensex has only increased by 4.01% in the same period, indicating that Clara Industries is outperforming the market significantly. Over the past week, however, the stock has slightly underperformed the benchmark, with a return of -0.25% compared to the Sensex's +0.83%. The positive movement in the plastic products sector, which gained by 2.83%, may also be contributing to the stock's rise today. Overall, the combination of strong year-to-date performance and sector support, despite some recent trading volatility, is driving the stock's upward movement.