Why is DDev Plastiks falling/rising?

As of 10-Jun, DDev Plastiks Industries Ltd is experiencing a price increase, currently at Rs 295.00, which reflects a rise of Rs 12.2 or 4.31%. The stock has shown strong performance recently, outperforming its sector by 4.34% today and achieving a consecutive gain over the last two days with a total return of 7.78%. It reached an intraday high of Rs 301.7, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant increase in investor participation, with delivery volume rising by 259.31% compared to the 5-day average. Despite a negative return of -18.88% over the past year, the company has demonstrated healthy long-term growth with an annual operating profit increase of 39.27% and a low debt-to-equity ratio of 0.05.
In the broader market context, DDev Plastiks has outperformed the Sensex, which has only increased by 2.05% over the past week, while the stock itself has risen by 8.08%. This indicates a strong short-term performance relative to the benchmark. However, it is important to note that domestic mutual funds hold no stake in the company, which may suggest a lack of confidence in its valuation or business prospects. Furthermore, while the stock has improved technically from a mildly bearish trend, it still faces challenges due to its underperformance over the past year compared to the broader market, which has generated returns of 6.22%.