Why is Dipna Pharmachem falling/rising?

As of 11-Jul, Dipna Pharmachem Ltd's stock price is rising, currently at Rs 25.43, reflecting an increase of Rs 0.43 or 1.72%. The stock has shown strong performance recently, gaining 4.01% over the past two days and outperforming its sector by 1.14% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, the stock has delivered impressive returns over various periods, including a 76.47% increase year-to-date and a remarkable 217.88% rise over the past year. Notably, investor participation has surged, with delivery volume increasing by 109.88% compared to the 5-day average, contributing to the stock's upward movement.
In the broader market context, Dipna Pharmachem's short-term performance stands in stark contrast to the Sensex, which has declined by 1.12% over the past week and is nearly flat over the past month. This divergence highlights the stock's strong relative strength, particularly as it approaches its 52-week high, being just 3.46% away from Rs 26.31. The overall market has not shown significant growth, with the Sensex only up 5.58% year-to-date, while Dipna Pharmachem has significantly outperformed this benchmark, indicating strong investor confidence and interest in the company amidst a generally weaker market environment.