Why is Deepak falling/rising?

As of 30-Jun, Deepak Chemtex Ltd's stock price is rising, currently at Rs 164.50, reflecting an increase of Rs 5.5 or 3.46%. The stock has shown strong performance recently, with a consecutive gain over the last four days, resulting in a total return of 11.15% during this period. It opened today with a gain of 4.4% and reached an intraday high of Rs 167.75. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, investor participation has surged, with delivery volume increasing by 733.33% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Deepak Chemtex Ltd has outperformed the Sensex, which has only increased by 2.09% over the past week, while the stock itself has risen by 10.40% during the same period. Over the past month, the stock has achieved a remarkable return of 39.76%, compared to the Sensex's 2.65%. This significant outperformance highlights the stock's strong momentum relative to the market, contributing to its rising price. Overall, the combination of robust recent performance, increased investor interest, and favorable comparisons to the benchmark indices supports the upward movement of Deepak Chemtex Ltd's stock price.