Why is Dipna Pharmachem falling/rising?

As of 03-Jul, Dipna Pharmachem Ltd's stock price is currently at Rs 24.64, reflecting an increase of Rs 1.17 or 4.99%. The stock has shown strong performance recently, gaining 8.98% over the last three days and outperforming its sector by 4.51% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 14.97% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
Broader Market Context: In the context of the broader market, Dipna Pharmachem's stock has significantly outperformed the Sensex, with a 1-week return of +8.83% compared to the benchmark's -0.62%. Year-to-date, the stock has surged by 70.99%, while the Sensex has only increased by 6.53%. This stark contrast highlights the stock's strong momentum relative to the market, reinforcing the positive sentiment around Dipna Pharmachem despite the recent drop in trading volume.